Knowledge Hub - MMJC - Page 8

Introduction Related Party Transactions is a common phenomenon among all the companies. Related party transactions are subject to higher scrutiny as they inherently involve conflict of interest. Related party transactions subject to various approvals within the company depending on the legal framework applicable to the company. Transactions brought before the members of the company are

Introduction Regulation 23(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015 [‘SEBI (LODR)’] every listed entity shall formulate a policy on materiality of related party transactions and on dealing with related party transactions including clear threshold limits duly approved by the board of directors.  Further as per clause (a)

Introduction Under the Companies Act, 2013 (‘the Act’) and SEBI (Listing Obligations and Disclosure Requirements) Regulations (‘LODR’), the remuneration of directors is subject to shareholder approval. Specifically, Section 197 of the Act provides that directors remuneration shall be subject to shareholders approval. Similarly, Reg. 17(6) of LODR also requires that director remuneration is subject to approval by shareholders. Proxy

Introduction Securities and Exchange Board of India (‘SEBI’) vide its amendment notification dt: June 14, 2023, effective e from July 15, 2023, introduced regulation 30(13) in SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 [‘SEBI LODR’]. Regulation 30(13) reads as follows, “In case an event or information is required to be disclosed by the listed

Introduction Securities and Exchange Board of India (‘SEBI’) had issued a consultation paper dt: November 12, 2022 wherein it was proposed inter-alia to add a provision mandating disclosures to stock exchanges of penalties levied on listed companies. This proposal was discussed and approved in the SEBI board meeting dt: March 29, 2023 and SEBI vide its