https://www.taxtmi.com/acts?id=33847 Regulation 23 requires listed entities to adopt a board-reviewed policy on materiality for related party transactions, to obtain prior audit committee approval (to be granted only by independent directors) for all related party transactions and material modifications, and to secure prior shareholder approval by resolution for all material related party transactions and material modifications. The audit committee may grant time-limited omnibus approvals for repetitive transactions under defined criteria and must review such transactions periodically. Specified exemptions, subsidiary-related approval rules, ratification conditions, and recurring disclosure obligations to stock exchanges and on the entity website are mandated. en-us Mon, 24 Dec 2018 15:19:17 +0530 Thu, 20 Nov 2025 11:23:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33847 Regulation 23 requires listed entities to adopt a board-reviewed policy on materiality for related party transactions, to obtain prior audit committee approval (to be granted only by independent directors) for all related party transactions and material modifications, and to secure prior shareholder approval by resolution for all material related party transactions and material modifications. The audit committee may grant time-limited omnibus approvals for repetitive transactions under defined criteria and must review such transactions periodically. Specified exemptions, subsidiary-related approval rules, ratification conditions, and recurring disclosure obligations to stock exchanges and on the entity website are mandated. Act-Rules SEBI Mon, 24 Dec 2018 15:19:17 +0530 https://www.taxtmi.com/acts?id=33847