Regulatory Alerts2025-02-14
Industry Standards on Minimum Information for Audit Committee and Shareholder Approval of Related Party Transactions
The Securities and Exchange Board of India (SEBI) has issued a circular mandating listed entities to adhere to industry standards for disclosing minimum information regarding related party transactions. These standards, formulated by the Industry Standards Forum in consultation with SEBI, specify the data required for the review and approval processes by both the audit committee and shareholders. The circular modifies the SEBI Master Circular to incorporate these requirements and comes into effect on April 1, 2025.
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