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Omnibus approval for related party transactions on annual basis.

Rule 6A - Rules - Companies (Meetings of Board and its Powers) Rules, 2014 - Chapter 12 - Companies (Meetings of Board and its Powers) Rules, 2014 - Rule 6A - [6A. - All related party transactions shall require approval of the Audit Committee and the .....

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ify the criteria for making the omnibus approval which shall 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 .....

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ant to each of the omnibus approval made; (e) transactions 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, .....

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such approval is in the interest of the company. (4) The 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 i .....

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