
Sebi proposes to relax limits for approval, disclosure of related-party transactions
annual turnover.
The proposed system would raise the transaction threshold to up to 50 billion rupees ($570.7 million) from the current limit of 10 billion rupees, the
Securities and Exchange Board of India
(
SEBI
) said in a draft consultation paper published on Monday.
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The regulator also plans to relax
disclosure
norms for related-party transactions valued at less than 150 million rupees, it said in the paper.
($1 = 87.6090 Indian rupees)
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