Disclosure obligations of listed entities in relation to Related Party Transactions

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..... listed entities in relation to Related Party Transactions 1. Vide notification dated November 9, 2021 , Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 ( LODR Regulations ) was amended, inter-alia, mandating listed entities that have listed specified securities to submit to the stock exchanges disclosure of Related Party Transactions (RPTs) .....

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..... Tenure of the proposed transaction (particular tenure shall be specified); d. Value of the proposed transaction; e. The percentage of the listed entity s annual consolidated turnover, for the immediately preceding financial year, that is represented by the value of the proposed transaction (and for a RPT involving a subsidiary, such percentage calculated on the basis of the subsidiary s ann .....

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..... why the RPT is in the interest of the listed entity; h. A copy of the valuation or other external party report, if any such report has been relied upon; i. Percentage of the counter-party s annual consolidated turnover that is represented by the value of the proposed RPT on a voluntary basis; j. Any other information that may be relevant 5. The audit committee shall also review the sta .....

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..... point 4(f) above; (The requirement of disclosing source of funds and cost of funds shall not be applicable to listed banks/NBFCs.) d. A statement that the valuation or other external report, if any, relied upon by the listed entity in relation to the proposed transaction will be made available through the registered email address of the shareholders; e. Percentage of the counter-party s annu .....

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..... www.sebi.gov.in under the link Legal Circulars . Yours faithfully, Amy Durga Menon Deputy General Manager Corporation Finance Department Compliance and Monitoring Division-1 +91-22-26449584 amydurga@sebi.gov.in - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementin .....

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