Stock-exchange-listed central public sector enterprises (CPSEs) could face difficulties in complying with the Securities and Exchange Board of India’s (Sebi) new norms on corporate governance as some of these guidelines are in conflict with the provisions of the Companies Act of 2013.Sebi’s new rules, which would be effective October 1, envisage that CPSEs get shareholders’ approval for related-party transactions, establish a whistle-blower mechanism, make elaborate disclosures on pay packages and appoint at least one woman director on their boards. There are around 45 listed CPSEs in India.

Source - http://www.financialexpress.com