The Standard Stance - Navigating Related Party Disclosures: Interplay between Companies Act, 2013, SEBI Listing Regulations, and Ind AS 24
The Accounting Advisory Services (AAS) team at BDO India is pleased to share 'THE STANDARD STANCE' - An expert insight into key accounting matters. Each monthly issue of the publication spotlights and discusses a key accounting matter noteworthy for organisations to stay ahead in their business journeys.
This issue of THE STANDARD STANCE - NAVIGATING RELATED PARTY DISCLOSURES: INTERPLAY BETWEEN COMPANIES ACT, 2013, SEBI LISTING REGULATIONS, AND IND AS 24 highlights key overlaps among the three regulatory frameworks in governing RPTs
Although Related Party Transactions (RPTs) can often provide a competitive edge to entities through sharing of resources or operational efficiency, issues such as inappropriate transactions, asset tunnelling, and earnings manipulation are a grave concern for corporate governance. While the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Indian Accounting Standards 24, Related Party Disclosures establish the RPT framework, there are considerable intersections. This edition of The Standard Stance aims to highlight the noteworthy overlaps between these frameworks from the context of a standalone company.
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