The Securities and Exchange Board of India (“SEBI”) has issued a Circular mandating listed e|ntities to comply with the Industry Standards on “Minimum information to be provided for review of the audit committee and shareholders for approval of a related party transaction”. The circular will be effective from 1st April 2025.
Therefore, while seeking approvals for related party transactions (“RPTs”), the listed entities are now required to furnish the information to audit committee and shareholders as per these Industry Standards formulated by the Industry Standards Forum (“ISF”)
The Circular is hyperlinked below for ease of reference.
Source: Securities and Exchange Board of India
