{"id":27021,"date":"2017-12-06T16:22:38","date_gmt":"2017-12-06T16:22:38","guid":{"rendered":"http:\/\/www.bnreport.com\/infosys-files-settlement-application-with-sebi-over-former-cfos-severance\/"},"modified":"2017-12-06T16:22:39","modified_gmt":"2017-12-06T16:22:39","slug":"infosys-files-settlement-application-with-sebi-over-former-cfos-severance","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/infosys-files-settlement-application-with-sebi-over-former-cfos-severance\/","title":{"rendered":"Infosys files settlement application with Sebi over former CFO\u2019s severance"},"content":{"rendered":"

Bengaluru: Infosys<\/a> said it filed a settlement application with the Securities and Exchange Board of India, relating to the severance agreement it signed with former CFO Rajiv Bansal<\/a> in 2015. <\/p>\n

The Bengaluru-headquartered company said the settlement application process is based on an undertaking that it will \u2018neither admit nor deny the finding of fact or conclusion of law.\u2019 <\/p>\n

\u201cThrough the settlement process the company wants to resolve allegations relating to the company not seeking prior and separate approval of the nomination and remuneration committee and the audit committee in relation to the severance agreement entered into with the former CFO,\u201d Infosys said in a filing to the Bombay Stock Exchange. <\/p>\n

The settlement process is also expected to resolve issues with relation to the disclosures around the severance agreement, cessation of payments and initiation of arbitration under the severance agreement, Infosys said. <\/p>\n

The company said it would provide an update on completion of the confidential settlement process. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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Bengaluru: Infosys said it filed a settlement application wi..<\/p>\n","protected":false},"author":1,"featured_media":27022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-27021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nInfosys files settlement application with Sebi over former CFO\u2019s severance - Business News Report<\/title>\n<meta name=\"description\" content=\"Bengaluru: Infosys said it filed a settlement application wi..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/infosys-files-settlement-application-with-sebi-over-former-cfos-severance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infosys files settlement application with Sebi over former CFO\u2019s severance - 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