The Ministry of Corporate Affairs (MCA) is holding consultations with the Securities and Exchange Board of India (Sebi) to iron out inconsistencies between the Companies Act and the Sebi (Listing Obligations and Disclosure Requirements, or LODR) Regulations over related-party transactions (RPTs). “There is some difference in yardsticks between the Act and LODR, which can lead to a situation where a listed company has to comply with the both.
It may leave the company in a very awkward situation,” a senior government official said. The government wants to remove ...
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First Published: Mon, March 02 2020. 00:14 IST
