A tough law has been made tougher. The recently amended SEBI’s related party transactions (RPT) rules could be a nightmare for listed entities. SEBI, driven chiefly to strengthen corporate governance standards, has tightened the RPT rules.
From April 1, the already stiff rules along with ambiguous provisions of recent SEBI circulars of March 30 and April 8 will only add to woes of listed entities and their related parties.
Please click here to read the full article by Lalit Kumar, published in The Hindu Business Line. The article also appeared in print.
Lalit is a corporate commercial, M&A and private equity lawyer with a vast experience of twenty-two years. He has successfully led large and complex transactions for Indian and global corporations.