https://www.taxtmi.com/news?id=24622 A listed company executed related-party transactions without prior audit committee approval, later ratified after delay, and auditors flagged both the transactions and delayed disclosure of a board meeting outcome. The regulator emphasised the requirement for prior audit committee approval, found arm's-length assertions insufficient to excuse non-compliance, issued a formal warning, directed placement of the warning before the board and dissemination to stock exchanges, and warned of potential enforcement for future repetitions. en-us Sat, 30 Oct 2021 17:25:03 +0530 Sat, 30 Oct 2021 17:25:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24622 A listed company executed related-party transactions without prior audit committee approval, later ratified after delay, and auditors flagged both the transactions and delayed disclosure of a board meeting outcome. The regulator emphasised the requirement for prior audit committee approval, found arm's-length assertions insufficient to excuse non-compliance, issued a formal warning, directed placement of the warning before the board and dissemination to stock exchanges, and warned of potential enforcement for future repetitions. News - Sat, 30 Oct 2021 17:25:03 +0530 https://www.taxtmi.com/news?id=24622