Industry Standards on Minimum information to be provided for review of the audit committee and shareholders for approval of a related party transaction
Summary
SEBI extends the effective date for Industry Standards on related party transaction disclosures from April 1, 2025, to July 1, 2025. The Industry Standards Forum is directed to simplify these standards based on stakeholder feedback within the revised timeline. Stock Exchanges are advised to notify their listed entities of this circular.
Text
it has been decided that the effective date of the Circular shall be July 1, 2025.
The Industry Standards Forum ... shall take into consideration the feedback received for simplification of the Industry Standards and release the same in a time-bound manner to meet the revised timelines.
The Stock Exchanges are advised to bring the contents of this Circular to the notice of their listed entities.
This Circular is issued in exercise of the powers conferred under Section 11(1) and 11A of the Securities and Exchange Board of India Act, 1992 read with regulation 101 of LODR Regulations.
Source: SecMarx — Industry Standards on Minimum information to be provided for review of the audit committee and shareholders for approval of a related party transaction. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.