Industry Standards on “Minimum information to be provided for review of the audit committee and shareholders for approval of a related party transaction”
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Related party transaction information standards delayed to allow stakeholder feedback and revision by the industry forum. Applicability of the Industry Standards on minimum information for audit committee and shareholder review of related party transactions has been deferred to a revised effective date to allow stakeholder feedback; the Industry Standards Forum must consider feedback, simplify and reissue the Standards on a time-bound basis, and stock exchanges are directed to inform listed entities. The circular is issued under the regulator's statutory powers and published on its website.
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.
Related party transaction information standards delayed to allow stakeholder feedback and revision by the industry forum.
Applicability of the Industry Standards on minimum information for audit committee and shareholder review of related party transactions has been deferred to a revised effective date to allow stakeholder feedback; the Industry Standards Forum must consider feedback, simplify and reissue the Standards on a time-bound basis, and stock exchanges are directed to inform listed entities. The circular is issued under the regulator's statutory powers and published on its website.
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