RELATED PARTY TRANSACTION UNDER SEBI (LISTING
OBLIGATION & DISCLOSURE REGULATION)
SEBI (LODR)
All the requirements and conditions to
be fulfilled in case of related party transactions have been altered to be in
line with the provisions of Companies Act, 2013.
“This is the provisions of SEBI (LODR), which are applicable with
immediate effect from 2nd September, 2015; Passing of ordinary resolution instead of special resolution
in case of all material related party transactions subject to related parties
abstaining from voting on such resolutions.“
A.
“RELATED PARTY”
means a related party as defined under sub-section (76) of section 2 of
the [1]Companies
Act, 2013 or under the applicable acc