ZEEL comes under SEBI scanner

November 27, 2019 10:43 pm | Updated 10:43 pm IST - Mumbai

Zee Entertainment Enterprises Ltd. (ZEEL) has come under the scanner of the Securities and Exchange Board of India (SEBI) after it emerged that two directors — independent director Neharika Vohra and non-independent director Subodh Kumar — had raised concerns relating to corporate governance and related party transactions in their resignation letters.

The capital market regulator is believed to be looking into some of the allegations, including non-implementation of certain board decisions taken in October relating to treasury operations and issues raised regarding build up of related party balances and advances for content acquisition.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.