{"id":24481,"date":"2022-02-17T21:23:12","date_gmt":"2022-02-17T15:53:12","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-rpt-industry\/"},"modified":"2022-02-17T21:43:46","modified_gmt":"2022-02-17T16:13:46","slug":"biz-rpt-industry","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-rpt-industry\/","title":{"rendered":"Industry raises concerns over related party transaction norms"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2745691866\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 17 (PTI) India Inc has raised concerns over some of the new related party transaction (RPT) rules prescribed by market regulator Sebi which will come into effect from April this year.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-393457626\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> According to documents accessed by PTI, industry chambers Ficci and CII have suggested that the provisions be relaxed\/clarified, observing that the amendments potentially prejudicially impact and disrupt the functioning of listed entities and affect ease of doing business.<\/p>\n<p> The key concern raised by the industry is regarding the threshold of Rs 1,000 crore for related party transactions, beyond which companies will have to take approval from shareholders.<\/p>\n<p> &#8220;FICCI strongly recommends that the criteria of Rs 1,000 crore for determination of &#8216;material&#8217; RPTs be removed and only percentage of turnover or net-worth be prescribed,&#8221; the industry body represented.<\/p><div class=\"trade-content_5\" id=\"trade-3993320871\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The Confederation of Indian Industry (CII) requested that the &#8220;absolute numerical\u00a0threshold be omitted and threshold limit of 10 per cent of Annual Consolidated\u00a0Turnover of the listed entity be re-instated&#8221;.<\/p>\n<p> Prior approval of the shareholders of a listed\u00a0entity may be specifically excluded for a related party transaction to which the\u00a0listed subsidiary is a party but the listed entity is not a party, CII has suggested. PTI RSN  MR MR<\/p>\n<div class=\"trade-after-content\" id=\"trade-2773667309\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 17 (PTI) India Inc has raised concerns over some of the new related party transaction (RPT) rules prescribed by market regulator Sebi which will come into effect from April this year. According to documents accessed by PTI, industry chambers Ficci and CII have suggested that the provisions be relaxed\/clarified, observing that the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-24481","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Industry raises concerns over related party transaction norms - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-rpt-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industry raises concerns over related party transaction norms\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 17 (PTI) India Inc has raised concerns over some of the new related party transaction (RPT) rules prescribed by market regulator Sebi which will come into effect from April this year. 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