SAST Regulations , Independent Director

 

SAST Regulations 

Securities and Exchange Board of India (SEBI) introduced Substantial Acquisition of Shares and Takeovers Regulations to prevent hostile takeover resulting in the consequences for the company and its investors. In simple  prevent hostile takeovers of voting rights in a company and, in turn, ensure good corporate governance in the entity. the main objective of SAST is to protect the interest of minority shareholders when acquisition is taking place. 

Companies Act 2013-Independent Director

An independent director is an non-executive director of a company who helps the company in improving corporate credibility and governance standards. he or she does not have any kind of relationship with the company.