Tag: Submission

Extend date for submission of business plan, demands FICO : The Tribune India

Tribune News Service

Ludhiana, October 4

Gurmeet Singh Kular and Manjinder Singh Sachdeva, president and senior vice-president of the Federation of Industrial and Commercial Organisation (FICO), have demanded extension of date for submission of business plan, construction and commencement of business from Punjab Chief Minister Capt Amarinder Singh.

FICO office-bearers said the Covid-19 crisis and the subsequent lockdowns had made it difficult for all their units to keep sustainable and most of the production was hit during these months.

They said, “The industry is not in a position to do any construction or expansion because businesses are badly hit. Also, the industry will need time to get back to normal and reassess the business strategy. The industry has been struggling for the past couple of years due to slump in the market and economic recession. Even factory owners are infected with Covid-19, they are not going to factories and many

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SEC Requirements for Submission of Shareholder Proposals

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Friday, September 25, 2020

On September 23, 2020, the Securities and Exchange Commission (SEC) adopted amendments to certain of the procedural requirements for the submission of shareholder proposals under Rule 14a-8 of the Securities Exchange Act (Exchange Act). These amendments revise multiple aspects of the shareholder proposal submission process. The amendments will apply to any proposal submitted for an annual or special meeting to be held on or after January 1, 2022. A redline reflecting the difference between the current and amended Rule 14a-8 appears as Annex A.

Background

Under Rule 14a-8 of the Exchange Act, shareholders are able to submit proposals for inclusion in a company’s proxy materials. This rule provides shareholders with a right to use company resources to submit their proposal to all shareholders for approval. This right does have limitations; Rule 14a-8 includes both procedural and substantive requirements. Should these requirements not be met, the … Read More