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<h1>SEBI Clarifies Validity of Omnibus Approvals for Material RPTs Under Regulations 23(4) and 23(3)(e); AGM Approvals Last 15 Months.</h1> The circular clarifies the applicability of Regulation 23(4) and Regulation 23(3)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 concerning Related Party Transactions (RPTs). It specifies that the validity of omnibus approvals for material RPTs, granted during an Annual General Meeting (AGM), will last until the next AGM, not exceeding fifteen months. For approvals obtained in meetings other than AGMs, the validity is limited to one year. Stock exchanges are instructed to inform all listed entities about these provisions and ensure dissemination on their websites. This circular is issued under the authority of the SEBI Act, 1992.