BSE has issued a copy of Frequently Asked Questions (“FAQs”) on Applicability of the Industry Standards on “Minimum information to be provided for Review of the Audit Committee and Shareholders for Approval of Related Party Transaction (“RPT”)”
Key Highlights:
- Industry Standards are applicable for Approval/Ratification of RPT granted on or after April 01, 2025.
- Industry Standards must be applicable for approval of any material modification to RPT on or after April 01, 2025.
- If approval has been granted by the audit committee and /or shareholders before April 01, 2025, for RPTs to be entered into on or after April 01, 2025, then the listed entity need not seek these approvals again with disclosures as per the Industry Standards.
- If omnibus approval has been granted before April 01, 2025 for RPTs for FY 2025-26, then the listed entity need not seek fresh approval with disclosures as per the Industry Standards.
Please refer to the attachment for a detailed read of the FAQ
A copy of the Circular has been hyperlinked below for ease of reference.
Source: BSE
