SEBI’s rules governing related party transactions requires immediate amendment
Business Standard article titled 'India Inc sees red over new rules governing related party transactions': https://www.business-standard.com/article/markets/india-inc-sees-red-over-new-rules-governing-related-party-transactions-122021100437_1.html
3 months back, when the SEBI board approved the proposal, I
had mentioned that RPT amendments are made extremely stringent and would
require another round of amendment.
In fact, on the SEBI consultation paper on RPTs, I had
written an article titled - Regulating ‘unrelated party transactions’ under the
provisions of ‘related party transactions’.
Various industry and business associations are now taking
efforts and seeking amendments to the SEBI regulations. Amendments would now
take place in due course.
Interestingly, everything other than harmonization of
company law provisions and SEBI regulations is being done. Not sure, if this is
ease of doing business.
Tough days for listed entities, compliance officers and
secretarial auditors.
No comments:
Post a Comment