Infy files consent plea with Sebi on severance pay to ex-CFO Bansal

Bangalore-based IT major Infosys on Wednesday filed a consent application with the market regulator Securities and Exchange Board of India (SEBI) for settling a case related to non-disclosure of a severance pact with its former CFO Rajiv Bansal (in picture).

The company said it wanted to resolve the allegations that it failed to seek prior and separate approval of the Nomination and Remuneration Committee and the Audit Committee in relation to the severance agreement signed with former chief financial officer Rajiv Bansal.