Restructuring of the Subsidiary Management - SEBI - MRD/POLICY/CIR-33/2004

GENERAL MANAGER MARKET REGULATION DEPARTMENT MRD/POLICY/CIR-33/2004 September 30, 2004 Managing Directors/Executive Directors/ Administrators of all Stock Exchanges Dear Sirs, Sub: Restructuring of the Subsidiary Management. This has reference to our circular SMD/Policy/Cir-4/2003 dated February 11, 2003 on the captioned subject. Based on the queries/ suggestion received as regards clause (f) under Reconstitution of Governing Board of the above referred circular, it is hereby clarified that the Public Representative on the Boards of Subsidiary Companies will continue till the time new Public Representatives are appointed in their place. Yours faithfully, D RAVI KUMAR