Thursday, October 15, 2015

SEBI notifies revised listing regulations

The Securities and Exchange Board of India has notified amended listing regulations that allow listed companies to seek shareholders’ approval for related party deals through ordinary resolutions This pertains to “passing of ordinary resolution instead of special resolution in the case of all material related party transactions subject to related parties abstaining from voting on such resolutions, in line with the provisions of the Companies Act, 2013”, the regulator noted.

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