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SEBI issued guidelines mandating listed entities to follow industry standards for related party transactions (RPTs) disclosure requirements. The Industry Standards Forum, comprising ASSOCHAM, CII, and FICCI, under stock exchange oversight, developed uniform standards for minimum information disclosure to audit committees and shareholders regarding RPTs. The circular modifies Section III-B of the Master Circular, specifically updating requirements for information provision to audit committees and shareholder notices. Listed entities must comply with these standards in accordance with Regulation 23(2), (3), and (4) of LODR Regulations. The circular, exercised under SEBI Act powers and LODR Regulations, becomes effective April 1, 2025, with stock exchanges responsible for ensuring compliance among listed entities.
SEBI issued guidelines mandating listed entities to follow industry standards for related party transactions (RPTs) disclosure requirements. The Industry Standards Forum, comprising ASSOCHAM, CII, and FICCI, under stock exchange oversight, developed uniform standards for minimum information disclosure to audit committees and shareholders regarding RPTs. The circular modifies Section III-B of the Master Circular, specifically updating requirements for information provision to audit committees and shareholder notices. Listed entities must comply with these standards in accordance with Regulation 23(2), (3), and (4) of LODR Regulations. The circular, exercised under SEBI Act powers and LODR Regulations, becomes effective April 1, 2025, with stock exchanges responsible for ensuring compliance among listed entities.
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