https://www.taxtmi.com/notifications?id=118512 The amendment allows the Audit Committee, with Board approval, to grant annual omnibus approval for related party transactions subject to specified criteria: aggregate and per transaction value limits, disclosure requirements, periodic review, excluded transaction categories, consideration of repetitiveness and justification, and a one year validity; omnibus approvals must specify related parties, transaction nature and duration, maximum amounts, indicative pricing and variation formulae, and other material information, and cannot apply to sale or disposal of the company's undertaking. en-us Mon, 14 Dec 2015 00:00:00 +0530 Fri, 18 Dec 2015 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=118512 The amendment allows the Audit Committee, with Board approval, to grant annual omnibus approval for related party transactions subject to specified criteria: aggregate and per transaction value limits, disclosure requirements, periodic review, excluded transaction categories, consideration of repetitiveness and justification, and a one year validity; omnibus approvals must specify related parties, transaction nature and duration, maximum amounts, indicative pricing and variation formulae, and other material information, and cannot apply to sale or disposal of the company's undertaking. Notifications Companies Law Mon, 14 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118512