Information to be provided for review of the audit committee and shareholders for approval of RPT
SEBI has introduced industry standards outlining the minimum information that companies must provide to audit committees and shareholders when seeking approval for related party transactions. This initiative aims to enhance transparency, ensure better decision-making, and strengthen corporate governance by standardizing disclosures related to financial and commercial terms, rationale, valuation details, and potential conflicts of interest. The move is expected to improve oversight and accountability in dealings between related entities.
By - MMB Team, https://m.9m.io/dh456qu
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