Clarification on applicability of Regulation 23(4) read with Regulation 23(3)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to Related Party Transactions

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..... cified securities All the Recognized Stock Exchanges Madam / sir, Subject: Clarification on applicability of Regulation 23(4) read with Regulation 23(3)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in relation to Related Party Transactions 1. Regulation 23(3)(e) of the SEBI LODR Regulations specifies that omnibus approval granted by the audit .....

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..... roval of omnibus RPTs approved in an AGM shall be valid upto the date of the next AGM for a period not exceeding fifteen months. 5. In case of omnibus approvals for material RPTs, obtained from shareholders in general meetings other than AGMs, the validity of such omnibus approvals shall not exceed one year. 6. The Stock Exchanges are advised to bring the provisions of this circular to the n .....

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