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Omnibus approval for related party transactions on annual basis.

Rule 6A - Rule - Companies (Meetings of Board and its Powers) Rules, 2014 - Companies Law - Rule 6A - [6A. - All related party transactions shall require approval of the Audit Committee and the Audit Committee may make omnibus approval for related pa .....

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all include the following, namely:- (a) maximum value of the transactions, in aggregate, which can be allowed under the omnibus route in a year; (b) the maximum value per transaction which can be allowed; (c) extent and manner of disclosures to be ma .....

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s which cannot be subject to the omnibus approval by the Audit Committee. (2) The Audit Committee shall consider the following factors while specifying the criteria for making omnibus approval, namely: - (a) repetitiveness of the transactions (in pas .....

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omnibus approval shall contain or indicate the following: - (a) name of the related parties; (b) nature and duration of the transaction; (c) maximum amount of transaction that can be entered into; (d) the indicative base price or current contracted .....

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