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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Related party transaction rules require audit committee and shareholder approvals plus recurring public disclosures.</h1> Regulation 23 requires listed entities to adopt a board-reviewed policy on materiality for related party transactions, to obtain prior audit committee approval (to be granted only by independent directors) for all related party transactions and material modifications, and to secure prior shareholder approval by resolution for all material related party transactions and material modifications. The audit committee may grant time-limited omnibus approvals for repetitive transactions under defined criteria and must review such transactions periodically. Specified exemptions, subsidiary-related approval rules, ratification conditions, and recurring disclosure obligations to stock exchanges and on the entity website are mandated.

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