Industry Standards on “Minimum information to be provided to the Audit Committee and Shareholders for approval of Related Party Transactions”

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....f India (ASSOCHAM) Federation of Indian Chambers of Commerce and Industry (FICCI) Confederation of Indian Industry (CII) Dear Sir/Madam, Sub: Industry Standards on "Minimum information to be provided to the Audit Committee and Shareholders for approval of Related Party Transactions" 1. Regulation 23 (2), (3) and (4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20....

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....s on "Minimum information to be provided for review of the audit committee and shareholders for approval of a related party transaction" ("Industry Standards"). 3. SEBI vide Circular dated February 14, 2025 (link) ("the Circular") required listed entities to follow aforesaid Industry Standards with effect from April 01, 2025. 4. The objective of these Industry Standards is to provide a standard ....

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....tand modified as under from the effective date of this circular: 7.1. Paragraph 4 under Part A of Section III-B shall stand substituted by the following paragraph: "The listed entity shall provide the audit committee with the information as specified in the Industry Standards on "Minimum information to be provided to the Audit Committee and Shareholders for approval of Related Party Transaction....

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..... The industry associations which are part of ISF (ASSOCHAM, FICCI, and CII) and the stock exchanges shall: 9.1. Publish the RPT Industry Standards on their respective websites. 9.2. Prepare FAQs on RPT Industry Standards in consultation with the SEBI. The FAQs shall take into consideration the queries/clarifications etc. received from the stakeholders. 9.3. Place aforesaid FAQs on their respec....