The Securities and Exchange Board of India (SEBI) on March 21, 2025, issued the notification regarding the Industry Standards on “Minimum information to be provided for review of the audit committee and shareholders for approval of a related party transaction”
The following has been stated namely: -
• Reference is drawn to SEBI Circular dated February 14, 2025, regarding the required listed entities to follow the Industry Standards on “Minimum information to be provided for review of the audit committee and shareholders for approval of a related party transaction” (“Industry Standards”) with effect from April 01, 2025.
• The effective date of the Circular has been extended to July 01, 2025.
• The Industry Standards Forum(“ISF”) comprising of representatives from three industry associations, viz. ASSOCHAM, CII and FICCI, which had formulated the Industry Standards, shall take into consideration the feedback received for simplification of the Industry Standards and release the same in a time-bound manner to meet the revised timelines.
[Notification No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/37]
