SEBI: Related Party Transactions in XBRL mode

CS Tanveer Singh Saluja | Last updated: 13 September 2021

Save Share

Quick Summary

The NSE, in collaboration with SEBI, has introduced XBRL filing for Related Party Transactions (RPTs) under Regulation 23(9) of the LODR Regulations, 2015. This change aims to enhance the accuracy and efficiency of disclosures. Listed entities must now submit consolidated RPT disclosures within 30 days of their financial results publication.

XBRL based filing of Related Party Transactions (RPTs) at NSE

With a view to make the disclosure more accurate and efficient, the NSE, in consultation with the SEBI, has introduced a facility of filing RPTs in XBRL mode under regulation 23(9) of LODR Regulations, 2015, with immediate effect.

SEBI: File Related Party Transactions in XBRL Mode

Reference: Regulation 23(9) of LODR Regulations, 2015

Under this Regulation it is provided that the listed entities are required to submit within 30 days from the date of publication of its standalone and consolidated financial results for the half-year, disclosures of RPTs on a consolidated basis.

Steps for submission of RPTs in XBRL mode on NSE’s Electronic Application Processing System (NEAPS) Portal

Upload XBRL file generated using utility provided by other Stock exchange in NEAPS
Go to Compliance > Common XBRL upload > Select option of Related Party Transactions from Modules dropdown and select appropriate financial year and period type
Click on upload XBRL file tab
Browse and select Xml file to be uploaded
On successful upload, "File Uploaded successfully" message would be displayed