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        F. Acts / Amendment Acts

        Section 14 - Amendment of section 177

        Companies (Amendment) Act, 2015

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        Omnibus approval for related party transactions now permitted, subject to prescribed conditions, under amended audit committee powers. An inserted proviso to section 177(4)(iv) authorises the Audit Committee to make omnibus approval for related party transactions proposed to be entered into by the company, provided such omnibus approvals comply with conditions to be prescribed.
                      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.

                            Omnibus approval for related party transactions now permitted, subject to prescribed conditions, under amended audit committee powers.

                            An inserted proviso to section 177(4)(iv) authorises the Audit Committee to make omnibus approval for related party transactions proposed to be entered into by the company, provided such omnibus approvals comply with conditions to be prescribed.


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