As the extended deadline for complying with clause 49 of corproate governance is approaching fast, Securities Exchange Board of India (SEBI) chairman M Damodaran said companies would have to comply with it by January 1, 2006.
Rejecting the idea of further extension for complying with the laws, Damodaran said Indian corporates have had long five years to comply with the corporate governance.
Categorically denying any further extension, he said it would be implemented by January 1, 2006.
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