Disclosure of related party transactions - sebi guidelines
This query is : Open
12 January 2016
Dear Experts,
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.
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.
http://www.csdiveshgoyal.info/2015/12/related-party-transaction-under-sebi.html
Hope your query will got solved.
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