This SEBI circular clarifies disclosure obligations for high value debt listed entities concerning Related Party Transactions (RPTs). It mandates that these entities must now comply with or explain their adherence to specific RPT disclosure requirements, aligning them with existing regulations for entities with specified securities. This change is effective immediately.
Securities and Exchange Board of India
CIRCULAR
SEBI/HO/DDHS/DDHS_Div1/P/CIR/2022/0000000006
January 07, 2022
To
High value Debt Listed Entities.
Recognized Stock Exchanges.
Madam / Sir,
Subject: Disclosure obligations of listed entities in relation to Related Party Transactions
1. Vide notification dated September 07, 2021, Regulation 15(1A) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 (LODR Regulations) was introduced stipulati
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FAQ :
The circular concerns the disclosure obligations of high value debt listed entities in relation to Related Party Transactions (RPTs).
High value debt listed entities are affected by this circular.
These regulations apply to high value debt listed entities on a 'comply or explain' basis.
The circular refers to information to be reviewed by the Audit Committee for RPT approval, information to be provided to shareholders for RPT consideration, and the format for reporting RPTs to the Stock Exchange.
This circular comes into force with immediate effect.
Source : https://www.sebi.gov.in/legal/circulars/jan-2022/disclosure-obligations-of-high-value-debt-listed-entities-in-relation-to-related-party-transactions_55225.html