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Tag: Amitabh Chaudhary

  • Axis Bank board re-appoints Amitabh Chaudhry as MD & CEO

    Axis Bank board re-appoints Amitabh Chaudhry as MD & CEO

    KERALA: The Axis Bank board has approved the re-appointment of Amitabh Chaudhry as its managing director and CEO. Chaudhary, 56, will serve in this capacity for three years, starting 1 January 2022.

    In a regulatory filing, the private sector lender said that the re-appointment will be subject to the approval of the Reserve Bank of India (RBI) and shareholders of the bank. 

    “The board of directors of the bank, considered and approved the proposal relating to re-appointment of Amitabh Chaudhry as the managing director and CEO of the bank, for a further period of three years, with effect from 01 January 2022  up to 31 December 2024,” the bank said in the filing. 

    It was on 1 January 2019 that Axis Bank initially appointed Chaudhary as its MD and CEO. As his three-year term comes to an end on 31 December 2021, the bank has decided to retain him in the same positions. 

    Prior to joining Axis Bank, Chaudhry was MD and CEO of HDFC Standard Life Insurance Company. Under his leadership, HDFC Life emerged as one of India’s largest private life insurers. Before that, he was the MD and CEO of Infosys BPO and the Head of testing unit of Infosys Technologies. 

  • SC show cause to BCCI: Why Lodha panel recommendations not implemented

    SC show cause to BCCI: Why Lodha panel recommendations not implemented

    MUMBAI: The Supreme Court has issued a show-cause notice to BCCI acting secretary Amitabh Chaudhary to explain as to why its order on the Justice R M Lodha committee recommendations has not yet been implemented. 

    A three-judge bench headed by Justice Dipak Misra was told by the apex court-appointed Committee of Administrators (COA) that none of the Lodha panel recommendations or the court’s directions have been implemented. 

    Senior advocate Gopal Subramanium, assisting the court as amicus curiae, said that three BCCI office-bearers — C K Khanna, Amitabh Chaudhary and Anirudh Chaudhary, were the persons responsible for implementing the recommendations and the court’s directions. The trio has been asked to personally appear in the court on 19 September.

    Taking into account the court’s order dated 2 January that ousted Anurag Thakur and Ajay Shirke from their board positions, the CoA requested the bench for the removal of Choudhary, Chaudhry and Khanna.

    In the absence of a working committee, the CoA noted, administrators and not the office-bearers were needed to be given the authority to manage the board’s affairs. 

    In a landmark judgment on 18 July, 2016, the apex court had approved majority of the recommendations put forth by the committee led by retired chief justice RM Lodha. The BCCI was given a deadline of six months to implement the accepted reforms.

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  • Former CAG Vinod Rai to head BCCI

    Former CAG Vinod Rai to head BCCI

    NEW DELHI: In yet another development relating to the embattled Board of Control for Cricket in India, the Supreme Court of India appointed former Comptroller and Auditor General Vinod Rai to head the apex cricketing body.

    Noted historian and writer on cricket Ramachandra Guha, former Indian cricketer Diana Edulji and Infrastructure Development Finance Corporation official Vikram Limaye were appointed members.

    Declining the Government’s request to appoint Sports Ministry Secretary as the member of the committee, the Court referred to its earlier judgment barring ministers and government servants from holding office in BCCI.

    The apex court said Amitabh Chaudhary, Anirudh Chaudhary of BCCI and Vikram Limaye will represent BCCI at the International Cricket Council meeting in the first week of February.

    The court had on 24 January 2017 rejected all nine names submitted by the BCCI counsel, but granted senior lawyer Kapil Sibal permission to provide suggestions for an interim panel to run Indian cricket.

    On 20 January, the centre moved the Court against the implementation of the Lodha Committee recommendations on behalf of the Railway Sports Promotion Board, Services Sports Control Board and All India Universities – three sporting bodies that held full membership of the BCCI earlier but now stand relegated to associate member status without voting rights as per the Lodha panel’s “one state-one vote” recommendation.

    The court had also said any individual over the age of 70 will not be appointed as BCCI administrators.

    After removing Anurag Thakur as BCCI president and disqualifying all the board and its state association office bearers who had failed to meet the new norms set by the Justice Lodha Committee, the Court had on 2 January said cricket administrators would be allowed to hold office for a cumulative period of nine years, inclusive of the time they hold office in their respective state associations as well as the BCCI. But in view of the 18 July last year order which stated that the cumulative tenure would be limited to nine plus nine years (nine years within the BCCI and nine in state associations), the Court had last week offered to clarify and set the ineligibility clause as “an office-bearer of the BCCI for nine years or a State Association for the same period”.

  • Former CAG Vinod Rai to head BCCI

    Former CAG Vinod Rai to head BCCI

    NEW DELHI: In yet another development relating to the embattled Board of Control for Cricket in India, the Supreme Court of India appointed former Comptroller and Auditor General Vinod Rai to head the apex cricketing body.

    Noted historian and writer on cricket Ramachandra Guha, former Indian cricketer Diana Edulji and Infrastructure Development Finance Corporation official Vikram Limaye were appointed members.

    Declining the Government’s request to appoint Sports Ministry Secretary as the member of the committee, the Court referred to its earlier judgment barring ministers and government servants from holding office in BCCI.

    The apex court said Amitabh Chaudhary, Anirudh Chaudhary of BCCI and Vikram Limaye will represent BCCI at the International Cricket Council meeting in the first week of February.

    The court had on 24 January 2017 rejected all nine names submitted by the BCCI counsel, but granted senior lawyer Kapil Sibal permission to provide suggestions for an interim panel to run Indian cricket.

    On 20 January, the centre moved the Court against the implementation of the Lodha Committee recommendations on behalf of the Railway Sports Promotion Board, Services Sports Control Board and All India Universities – three sporting bodies that held full membership of the BCCI earlier but now stand relegated to associate member status without voting rights as per the Lodha panel’s “one state-one vote” recommendation.

    The court had also said any individual over the age of 70 will not be appointed as BCCI administrators.

    After removing Anurag Thakur as BCCI president and disqualifying all the board and its state association office bearers who had failed to meet the new norms set by the Justice Lodha Committee, the Court had on 2 January said cricket administrators would be allowed to hold office for a cumulative period of nine years, inclusive of the time they hold office in their respective state associations as well as the BCCI. But in view of the 18 July last year order which stated that the cumulative tenure would be limited to nine plus nine years (nine years within the BCCI and nine in state associations), the Court had last week offered to clarify and set the ineligibility clause as “an office-bearer of the BCCI for nine years or a State Association for the same period”.