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The Securities and Exchange Board of India (SEBI) has stated that listed companies don’t need fresh approval from the shareholders for a Related party transaction (RPT) that the auditing committee and the shareholders approve till March 31.
The circular of SEBI stated, “Based on the representations received from listed entities and industry bodies, it has been decided to provide clarifications and guidance for smooth implementation of the amended Regulation, ”
SEBI releases circular clarifying the norms of Related Party Transactions
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