TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Related party transactions for HVDLEs require debenture trustee NOC and debenture-holder consent before shareholder approval, with specified exemptions.</h1> Regulation 62K requires a HVDLE to follow related party transaction norms, with all material related party transactions and material modifications requiring a prior No-Objection Certificate from the Debenture Trustee, who must obtain NOC from debenture holders not related to the issuer holding more than fifty percent in value; after debenture-holder approval, shareholder approval by resolution is required. Specified exemptions exclude certain public sector transactions, transactions between a listed holding company and its wholly owned subsidiary and between wholly owned subsidiaries, and statutory payments; related party dealings of unlisted subsidiaries of a listed subsidiary require prior approvals as prescribed, while a resolution plan under the Insolvency Code is exempted. The regulation applies to transactions from April 1, 2025, and mandates specified disclosures with standalone half-year financial results.
TaxTMI 
TaxTMI 
