Can anyone properly interpret the below definition.
A transaction with a related party shall be considered material if the transaction(s) to be entered into individually or taken together with previous transactions during a financial year, exceeds ten percent of the annual consolidated turnover of the listed entity as per the last audited financial statements of the listed entity.
As per New guidelines we have to inform regarding Material RPT, so am confused whether that definition will be read with regard to a transaction or a related party.
12 January 2016
hey read the article on given link http://www.csdiveshgoyal.info/2015/12/related-party-transaction-under-sebi.html Hope your query will got solved.
CAclubindia
