The Standard Stance - Transparency First: How SEBI Is Rewriting The Related Party Norms
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, TRANSPARENCY FIRST: HOW SEBI IS REWRITING THE RELATED PARTY NORMS, focuses on enhanced management responsibilities in light of SEBI directives.
To strengthen oversight and transparency in related party transactions (RPTs), SEBI, along with clarifications issued by its regulated organisations, continues to introduce series of amendments aimed at tightening disclosure and approval norms. These amendments emphasise enhanced responsibilities for management, particularly in terms of the information that must be presented to the Audit Committee and shareholders for approval.
This edition of The Standard Stance provides a comprehensive understanding of the RPT standards, recent amendments, and clarifications to help companies ensure compliant and informed approvals. It also explores the expanded definition of RPTs and the evolving thresholds that determine when transactions require prior approval.
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