The Securities and Exchange Board of India’s (Sebi’s) move to relax the threshold for royalty payments from 2 per cent to 5 per cent has come as a big relief for India Inc.
An analysis of the royalty payments made by listed firms in 2017-18 (2018-19 wherever the data is available) shows almost all companies are below the new 5-per cent threshold. Under the new rules, any listed company has to obtain approval of a ‘majority of minority’ shareholders for making payments exceeding 5 per cent of the annual consolidated turnover to a related party, with respect ...
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