Clause 53 of the Listing Agreement for Equity Shares is as under:
The company agrees to notify the stock exchange and also disseminate through its own website, immediately upon entering into agreements with media companies and/or their associates, the following information:-
a. Disclosures regarding the shareholding (if any) of such media companies/associates in the company.
b. Any other disclosures related to such agreements, viz., details of nominee of the media companies on the Board of the company, any management control or potential conflict of interest arising out of such agreements, etc.
c. Disclosures regarding any other back to back treaties/contracts/agreements/MoUs or similar instruments entered into by the company with media companies and/or their associates for the purpose of advertising, publicity, etc.
Post Last Updated On: 28th August 2015