RPTs and Arm's Length Principle

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See, What's provided u/s 188 is applicable to Unlisted companies and not on listed companies, Regulation 23 already prescribes threshold limit (10% of annual consolidated turnover) if crosses require General Meeting approval, Also understand that 188 Talks about Related Party Transaction only , While LODR talks about Transcation with Related Party, reason being Listed entities have larger responsibility towards public at large.So understand it from Transction with Related party point of View, And every transaction with related party will go through Audit committee route ( exception is Omnibus approval) .Under LODR related party not only include as per section2(76) while we also need to look as per accounting Standards.

Thanks a lot Chirag!