Related Party Transactions Harmonising and Reporting Under Various Statutes
|
|
- Curtis Golden
- 5 years ago
- Views:
Transcription
1 Related Party Transactions Harmonising and Reporting Under Various Statutes Gautam Doshi
2 Related Parties Classification By Purpose For giving a concession Narrow For enforcing Disclosure For noting With Power to rewrite 2
3 Classification contd. Compliance Approval Regulator Affected Party Stakeholder Self Certification Ban / Prohibit By level Direct Second Level Related to Related Party Third Level often covered Fourth & Higher Level Not normal 3
4 Classification contd. By source of Relationship Emotional Attachment with / without Control Relatives Economic Interest Fiduciary Interest Control Through Agreement / Law Through Practice Significant Influence Assumed to exist Position Demonstrated by events 4
5 Classification contd. Can be different at each level By defining Statute Tax / Revenue Related Direct Taxes Indirect Taxes Other Commercial / Economic Regulation Companies Act SEBI Others 5
6 Relatives Tested persons Income Tax Act Section 2(24)(iv) (Income Benefit or perquisite from Company) 13(3) (Charitable Trust Diversion to Related Parties) Tested Persons Director of a Company Person who has a substantial interest in the Company Author / Founder of Trust / Institution (Individual / HUF / Other) Substantial Contributor (more than Rs.50,000/-) (Individual / HUF / Person) Member of HUF which is Author / Founder / Substantial Contributor Trustee of Trust Manager (by whatever name called) of Institution. 6
7 Relatives Tested persons Income Tax Act contd. Section Tested Persons 10(5) (Leave Travel Exemption) Individual Employee 17(2)(viii) (Medical Expense & Premium) 40A (2) (Disallowance of excessive expenditure) Individual Employee Individual Partner of Firm Director of Company Member of HUF Member of AOP Substantial Shareholder of Company Director of substantial shareholder 64(1), 64(1A) and 64(2) - clubbing Individual Assessee 56(2)(vii) Taxation of Gifts Individual or HUF (Recipient of Gift / Benefit) 7
8 Relatives Tested persons Income Tax Act contd. Section 80C(i),(v),(x),(xi) Deduction for Investment 80C (ii) and (xvii) Deduction Annuity & Tuition Fees 80D Deduction Health Insurance 80DD Deduction Person with Disability 92A Transfer Pricing - Associates Tested Persons Individual or HUF Individual Individual or HUF Individual or HUF Individual controlling Enterprise Member of HUF controlling Enterprise 8
9 Relatives Tested persons Companies Act Section Director Tested Persons 2(76) (Related Party) & 188(Contracting Company) KMP (Companies Act) Manager Director of Holding Company KMP of Holding Company 185 (Lending Company) Director Director of Holding Company AS 18 Para 3 (c) Para 3(d) Individuals owning (directly or indirectly) voting power which gives control or significant influence KMP (Authority and responsibility for planning, directing and controlling) 9
10 Relatives Tested persons SEBI Provision 2(q) of Take Over Code persons acting in concert 10(1)(a) of Take Over Code (Exemption) Tested Persons Individual shareholder / Acquirer Director of a Company Director of Holding Company Director of any Subsidiary Company Director of any Company under the same management Any person entrusted with the management of the Company Individual Shareholder of an Investment Company holding 10% or more than 10% of the paid up capital Individual Unitholder of a Fund (other than SEBI Registered Mutual Fund) holding 10% or more than 10% of the Unit Capital Individual Shareholder 10
11 Relatives Tested persons SEBI Provision Clause 49 of the Listing Agreement - 49 (II) (B) Independent Directors Clause 49 of the Listing Agreement 49 (VII) Related party Transactions Tested Persons Director of Company Same as 2(76) of Companies Act plus AS18, that is Director, KMP, Manager, Director of Holding Company, KMP of Holding Company, individuals owning (directly or indirectly) voting power which gives control or significant influence and KMP, that is, individual with Authority and responsibility for planning, directing and controlling the activities of the Company. 11
12 Relatives Tested persons Central Excise Provision Section 4(1)(a) and (b) rws Expl. (ii) to Sec 4(3) (b) Tested Person Individual Manufacturer Director of Company Trustee Partner Customs Provision Tested Person Section 14 and Valuation Rules Individual Importer 12
13 Relatives vis-à-vis a Tested persons Concession Provisions contd. Sr. No. Level 1 Level 2 [only Sec56(2)(vii)] Level 3 [only Sec56(2)(vii)] I Spouse [ All provisions except Sec.80C (2) (xvii)] [Sections 10(5), 17(2)(viii), 56(2)(vii), 80C, 80D of IT Act] [Sec. 80DD subject to condition of dependence] [Reg.10(1)(a) of Take Over Code] Lineal Ascendant of Spouse [Parent of Spouse included in 10(1)(a) of Take Over Code] Lineal Descendant of Spouse Brother/Sister of Spouse [Also, for 10(1)(a) of the Take Over Code] Spouse of Lineal Ascendant Spouse of Lineal Descendant Spouse of such Brother / Sister 13
14 Relatives vis-à-vis a Tested persons Concession Provisions Sr. No. II Level 1 Level 2 [only Sec56(2)(vii)] Brother / Sister Spouse of Brother, [All provisions except 80C, Sister 80D] Level 3 [only Sec56(2)(vii)] - III IV [10(5), 17(2)(viii) and 80DD subject to condition of dependence] Father / Mother [All provisions except 80C, 80D] [10(5), 17(2)(viii) and 80DD subject to condition of dependence] Children [Limited to (2) children for 80C (2)(xvii)] Lineal Ascendant Brother / Sister of Father / Mother Spouse of Children Spouse of such Lineal Ascendant Spouse of such Brother / Sister - [80D and 80DD subject to condition of dependence] Lineal Descendants Spouse of Lineal Descendants 14
15 Issues Purpose of each concession is different Can the definitions still be combined Relationships one way or two way Gift from Father s Sister ( ) 15 Gift to Father s Sister (?) Ex-Spouse Separated Spouse Domestic Partner
16 Issues Adopted children Lineal Ascendant / Descendant Step children Companies Act (but not step daughter) Children born out of wedlock Separated Family members Step Father / Mother Companies Act Step brother / Sister Companies Act 16
17 Relatives Does not include at second level Companies and Firms controlled by first level Persons can enable family arrangements Much wider than Relative as defined Relative does not include levels 2 & 3 except Lineal Ascendants and Descendants. 17
18 Relatives vis-à-vis Tested Persons Obligation / Enforcement / Compliance Provisions contd. Relationship 2(24) (iv) + 40A(2) + 2(41) Income Tax 13(3) Sec. 64 "Concern" Provisions Companie s Act AS18 / SEBI 64 2(77) Para 3 + Para 10.9* Central Excise Sec.4 Exp (ii) to sub sec 3(b) Customs SEBI (UK) Expl. II to PAC Rule 2(2) of Valuation Rules Spouse Brother/Sister - Brother/Sister of Spouse Parents - Grand Parents
19 Relatives vis-à-vis Tested Persons Obligation / Enforcement / Compliance Provisions contd. Relationship Lineal Ascendants (other than Parents / Grand Parents) 2(24) (iv) + 40A(2) + 2(41) Income Tax 13(3) Sec. 64 "Concern" Provisions Companie s Act AS18 / SEBI 64 2(77) Para 3 + Para 10.9* Central Excise Sec.4 Exp (ii) to sub sec 3(b) Customs (UK) Expl. II to Rule 2(2) of Valuation Rules SEBI PAC Children Grand Children Lineal Descendants (other than children / Grand children)
20 Relatives vis-à-vis Tested Persons Obligation / Enforcement / Compliance Provisions contd. Relationship Parents of Spouse Lineal Ascendants of Spouse (other than Parents) Lineal Descendants of Spouse (other than children) Income Tax 2(24)(iv) + 40A(2) + 92A 13(3) Sec. 64 "Concern" Provisions Companies Act AS18/SE BI Central Excise 64 2(77) Para 3 Sec.4 ExpVI(ii) to sub sec 3(B) Customs (UK) Expl.II to Rule2(2) of Valuation Rules SEBI PAC 20
21 Relatives vis-à-vis Tested Persons Obligation / Enforcement / Compliance Provisions contd. Relationship Parents of Spouse of Brother / Sister Spouse of Brother / Sister of Spouse Provisions Income Companies AS18/SE Central Customs SEBI Tax Act BI Excise (UK) 2(24)(iv) + 40A(2) 13(3) Sec. 64 "Concern" 64 2(77) Para 3 Sec.4 ExpVI(ii) Expl.II to Rule2(2) + 92A to sub sec 3(B) - of Valuation Rules PAC Spouse of Lineal Ascendants Spouse of Children - - (Son's wife)
22 Relatives vis-à-vis Tested Persons Obligation / Enforcement / Compliance Provisions contd. Relationship 2(24)(iv) + 40A(2) + 92 A Income Tax 13(3) Sec. 64 "Concern" Provisions Companies Act AS18/ SEBI 64 2(77) Para 3 Para 10.9* Central Excise Sec.4 ExpVI(ii) to sub sec.3(b) Customs (UK) Expl. II to Rule2(2) of Valuation Rules SEBI PAC Spouse of Grand Children Spouse of Lineal Descendants (other than Children & Grand Children) Spouse of Lineal Descendants of Spouse
23 Relatives vis-à-vis Tested Persons Obligation / Enforcement / Compliance Provisions contd. Relationship 2(24)(iv) + 40A(2) + 92 A Income Tax 13(3) Sec. 64 "Concern" Provisions Companies Act AS18/ SEBI 64 2(77) Para 3 Para 10.9* Central Excise Sec.4 ExpVI(ii) to sub sec.3(b) Customs (UK) Expl. II to Rule2(2) of Valuation Rules SEBI PAC Lineal Descendant of Brother/Sister Lineal Descendant of Brother/Sister of Spouse
24 Relatives vis-à-vis Tested Persons Obligation / Enforcement / Compliance Provisions Relationship Brother / Sister of Parents Spouse of Brother / Sister of Parents Provisions Income Tax Companies AS18 Central Custom SEBI Act /SEBI Excise s (UK) 2(24)(iv) 13(3) Sec (77) Para 3 + Sec.4 Expl. II to PAC + 40 A(2) + 2(41) "Concern" Para 10.9* ExpVI(ii) to sub sec 3(b) Rule 2(2) of Valuation Rules Member of HUF (?) - HUF (?) - * who may be expected to influence, or be influenced by that individual in his / her dealings with the reporting enterprise. 24
25 Related Parties vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Sr. No. Relationship DIRECT Companies Income-tax Act - Related Transfer Parties 2(76) Pricing 92A & 188 Provisions Income-tax Disallowance 40A(2) SEBI Related Party Excise Customs 1 Independent Director Non Executive non Independent Director Executive Director CEO / Manager
26 Related Parties vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Sr. No. Relationship DIRECT Companies Act - Related Parties 2(76) & 188 Income-tax Transfer Pricing 92A Provisions Income-tax Disallowance 40A(2) SEBI Related Party Excise Customs 5 Company Secretary CFO Holding Company 8 Subsidiary Company 26
27 Related Parties vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Sr. No. Relationship DIRECT - contd. Companies Income-tax Act - Related Transfer Parties 2(76) Pricing 92A & 188 Provisions Income-tax Disallowance 40A(2) SEBI Related Party Excise Customs 8 Subsidiary Company 9 Associate Company - Company holding > 20% share capital OR Company having control of business decisions-sec 2(6) Company holding >26% of Equity Share Capital OR Company appointing Executive Director Investor Company holding >20% Equity Investor Company holding >25% OR controls >25% of Board - 10 Associate Company - Company in which Company holds / controls >20% Share Capital OR Controls its business decisions Company in which company holds >26% OR Appoints Executive Directors Company holding >20% Equity of Associate Company holding >25% Equity OR Controls >25% of Board - 27
28 Relatives vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Sr. No. Relationship DIRECT - contd. Companies Income-tax Act - Related Transfer Parties 2(76) Pricing 92A & 188 Provisions Income-tax Disallowance 40A(2) SEBI Related Party Excise Customs 11 Joint Venture - a Venture in which Company has joint control
29 Relatives vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Sr. No. Relationship DIRECT - contd. Companies Income-tax Act - Related Transfer Parties 2(76) Pricing 92A & 188 Provisions Income-tax Disallowance 40A(2) SEBI Related Party Excise Customs 12 Financier - [51% of assets funded] 13 Guarantor - [10% of total borrowings guaranteed] 14 Technology Provider - [wholly dependent]
30 Relatives vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Sr. No. Relationship DIRECT - contd. Companies Income-tax Act - Related Transfer Parties 2(76) Pricing 92A & 188 Provisions Income-tax Disallowance 40A(2) SEBI Related Party Excise Customs 15 Raw Materials & Consumables - [ 90% + influence on pricing and terms] 16 Customer - [Influence on pricing and terms] 17 Significant Interest Owner 18 Companies Under the same Management - Firm, AOP, BOI (10% ownership threshold) [very wide] 30
31 Relatives vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Sr. No. Relationship SECOND LEVEL 19 Relative of (1), (2) or (3) 20 Relative of (4), (5) or (6) 21 Firm in which Director is a Partner 22 Firm of which Partner exercises control over the Company OR holds >50% of total shares Provisions Companies 92A 40A (2) SEBI Excise Customs Act 2(76) & [Director exercises Control]
32 Relatives vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Relationship Sr. No. SECOND LEVEL 23 Firm in which a Manager is a Partner 24 Private Company in which a Director is Director or Member 25 Pivate Company in which a manager is Director or Member Provisions Companies 92A 40A (2) SEBI Excise Customs Act 2(76) & Public Company in which Director is Director and holds > 2% Share Capital (along with Relatives)
33 Relatives vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Relationship Sr. No. SECOND LEVEL 27 Public Company in which Manager is Director and holds > 2% Share Capital (along with his relatives) 28 Body corporate whose BOD, MD or Manager is accustomed to act in accordance with advice, directions or instructions of a Director Companies Act 2(76) & 188 Provisions 92A 40A (2) SEBI Excise Customs Body corporate whose BOD, MD or Manager is accustomed to act in accordance with advice, directions or instructions of a Manager
34 Relatives vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Relationship Sr. No. SECOND LEVEL 30 Person on whose advice, directions or instructions a Director is accustomed to act Companies Act 2(76) & 188 Provisions 92A 40A (2) SEBI Excise Customs (?) [Entire Board] [Not Advice] Person on whose advice, directions on instructions a Manager is accustomed to act (?) [only entities] 32 Fellow subsidiary 33 Fellow subsidiaries through "Group"
35 Relatives vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Relationship Sr. No. SECOND LEVEL 34 Fellow subsidiary through any person 35 Director of Holding Company Provisions Companies 92A 40A (2) SEBI Excise Customs Act 2(76) & (entities?) KMP of Holding Company 37 Fellow Associate - [Common shareholder / person holding >26% of both companies or appointing Executive Director of both Companies] (entities?) - - [corporate shareholder holding >20% Equity of both companies] - [Individuals plus Relatives or corporate shareholder holding >25% of both companies] [5% common ownership] 35
36 Relatives vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Relationship Sr. No. SECOND LEVEL 38 Fellow subsidiary through Individual Companies Act 2(76) & 188 Provisions 92A 40A (2) SEBI Excise Customs - [Individual + Relative "control") - 39 Fellow Subsidiary through HUF - [Member + Relative "control"] Relative of Substantial Shareholder 41 Director of Substantial Corporate Shareholder
37 Relatives vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Relationship Sr. No. SECOND LEVEL 42 Associate through Director of Associate holding substantial interest, that is >20% Equity 43 Associate through Director of company holding substantial interest, that is >20% equity in Associate Provisions Companies 92A 40A (2) SEBI Excise Customs Act 2(76) & The Other venturer in a Joint Venture in which the Company has interest (?)
38 Relatives vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Relationship Sr. No. SECOND LEVEL 45 Fellow subsidiary through KMP (Executive Director or Deemed Director or Manager holding >50% (owned) in fellow subsidiary Provisions Companies 92A 40A (2) SEBI Excise Customs Act 2(76) & Associate through Common KMP (Executive Director or Manager or Deemed Director)
39 Relatives vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Relationship Sr. No. THIRD LEVEL 47 Firm in which Director's Relative is a Partner 48 Firm in which Manager's Relative is a Partner 49 Private Company in which a Relative of Director is Director or Member (?) 50 Private Company in which Relative of Manager is Director or Member Provisions Companies 92 A 40A (2) SEBI Excise Customs Act 2(76) &
40 Relatives vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Relationship Sr. No. THIRD LEVEL 51 Relative of Director of Holding Company or of KMP of Holding Company 52 Relative of Director of Company holding substantial interest, that is >20% Equity Provisions Companies 92 A 40A (2) SEBI Excise Customs Act 2(76) & (entity?) Director of Associate through Director of Associate holding >20% equity
41 Relatives vis-à-vis Company Only Obligation / Enforcement / Compliance Provisions Relationship Sr. No. FOURTH LEVEL 54 Associate through Rlative of Director holding substantial interest, that is >20% Equity in Associate 55 Relative of Director of Associate through Director holding >20% Equity. Provisions Companies 92 A 40A (2) SEBI Excise Customs Act 2(76) &
42 Discussion Points Purposes Concessions Regulatory One size cannot fit all Human Race One Origin All related 42
43 Discussion Points Different attempts to define limited relationships Major 10(5) vs. 56 Minor 13 vs. 56 Relative Generally Base Levels 1,2,3,or 4 Each law / section to adopt acceptable level 43
44 Discussion Points Practical Considerations Information from Relatives Control over Relatives Hence, Dependence Test Special Provisions where practical considerations absent Sec. 56 level 3 Sec (?) 44 Other controls would be more effective
45 Discussion Points Related Parties Control By ownership By Agreement Defacto Control Preserve Economic Interest Specify objective + Level 45
46 Discussion Points Areas Not Covered Sec. 185 Insider Trading Different Approaches 92 A vs. SEBI 46
47 Discussion Points Attack All Non Arm s Length Transactions 80 IA(10) the business transacted between them produces to the assessee more than the ordinary profits which might be expected to arise in such eligible business. 47
48 Discussion Points Benami Transactions Voting on RPT Harmonise SEBI with Companies Act Uncontrolled Related parties Merchant Banker Brokers Bankers 48
49 Discussion Points Business Partner in a JV Drafting Holding Company Authority to appoint majority of Board Appoint an Executive Director Thresholds 20% / 25% / 26% 49
50 Discussion Points Disclosures Obligations vis-a-vis specified persons Concept of Group Unworkable Associate Associated Persons Difficult Too wide 50
51 Discussion Points Concept of accustomed to act in accordance with advice, directions and instructions Can never really be established 2(76) vs. AS18 92A(1) Not enforced Directly or indirectly or through one or more intermediaries Clause (j) three permutations Contrast with Companies Act 2(76) 51
52 Discussion Points Clause (i) Any customer Clause (e), (f) Executive Director but, not Manager Technology Provider Without exclusive right Raw materials and consumables 40A (2) Member of AOP / Family vs. of Company Prior approval Omnibus Approval 52
RELATED PARTY TRANSACTIONS- HARMONISING AND REPORTING UNDER VARIOUS STATUES
RELATED PARTY TRANSACTIONS- HARMONISING AND REPORTING UNDER VARIOUS STATUES - By CA Niketa Agarwal niketa@sjaykishan.com The Related Party Transactions (RPTs) are under heightened watch of various regulators
More informationRIBA TEXTILES LIMITED
RIBA TEXTILES LIMITED POLICY ON MATERIALITY OF RELATED PARTY TRANSACTION AND DEALING WITH RELATED PARTY TRANSACTION (As per Sec. 188 of Companies Act, 2013 and Clause 49 of Listing Agreement) 1 P a g e
More informationPOLICY ON RELATED PARTY TRANSACTIONS
TCI FINANCE LIMITED Corporate office: Plot no.20, Survey no.12, Kothaguda, Kondapur, Hyderabad - 500 081. CIN: L63011TG1995PLC020121. Telephone: 040-7120 4284. Fax:040-2311 2318. Website: www.tcifl.in.
More informationRELATED PARTY TRANSACTIONS- POLICY& PROCEDURES, 2014
PREAMBLE The Company is committed to upholding the highest ethical and legal conduct in fulfilling its responsibilities and recognizes that related party transactions can present a risk of actual or apparent
More informationRELATED PARTY TRANSACTIONS POLICY
RELATED PARTY TRANSACTIONS POLICY 1. Introduction The Board of Directors (the Board ) of Donear Industries Limited (the Company ), adopts the following policy and procedures with regard to Related Party
More informationRelated Party Transaction Policy
Preamble Related Party Transaction Policy The Board of Directors of the company has adopted the following Policy and procedure with regard to Related Party Transactions. The policy envisages the procedure
More informationHEG Limited POLICY ON RE LATED PARTY TRANSACTIONS
POLICY ON RE LATED PARTY TRANSACTIONS Approved by Board of Directors at its meeting held on 30 th July, 2014, on the recommendation of Audit Committee modified on 27 th January, 2016 and 2 nd August, 2016.
More informationPOLICY ON RELATED PARTY TRANSACTION
Introduction ADVANCED MICRONIC DEVICES LIMITED POLICY ON RELATED PARTY TRANSACTION The Board of Directors (the Board ) of Advanced Micronic Devices Limited (the Company ), has adopted the following policy
More informationLANCO INFRATECH LIMITED
LANCO INFRATECH LIMITED Page 1 of 13 Table of Contents Sl.No. Particulars Page Nos. 1.0 PREAMBLE 3 2.0 OBJECTIVE 3 3.0 DEFINITIONS 3 4.0 POLICY ON RELATED PARTY TRANSACTIONS 10 I APPROVING AUTHORITY 10
More informationSBI LIFE INSURANCE COMPANY LIMITED. Policy on materiality of Related Party Transactions and on dealing with Related Party Transactions
SBI LIFE INSURANCE COMPANY LIMITED Policy on materiality of Related Party Transactions and on dealing with Related Party Transactions 1. Preamble 1.1 The Board of Directors (the Board ) of SBI Life Insurance
More informationChief Executive Officer under section 2(18) means an officer of a company, who has been designated as such by it.
RELATED PARTY TRANSACTIONS POLICY Preamble This policy shall become effective from 1st October, 2014. This policy is to regulate transactions between the Company and its related Parties, based on the laws
More informationPolicy On Materiality Of Related Party Transactions And On Dealing With Related Party. Transaction 1. PREAMBLE
Policy On Materiality Of Related Party Transactions And On Dealing With Related Party Transaction 1. PREAMBLE The Board of Directors (the Board ) of Ventura Textiles Limited ("Ventura Textiles Ltd" or
More informationPOLICY ON MATERIALITY OF AND DEALING WITH RELATED PARTY TRANSACTIONS GONTERMANN-PEIPERS (INDIA) LIMITED
POLICY ON MATERIALITY OF AND DEALING WITH RELATED PARTY TRANSACTIONS OF GONTERMANN-PEIPERS (INDIA) LIMITED OBJECTIVE OF THE POLICY The Board of Directors (the Board ) of Gontermann-Peipers (India) Limited
More informationTax Audit Few Problem Areas and Impact of Recent Amendments
1867 Tax Audit Few Problem Areas and Impact of Recent Amendments Tax audit season is round the corner now. So, it is important to clear few problem areas faced by tax auditors and the impact of recent
More informationLAKSHMI ELECTRICAL CONTROL SYSTEMS LIMITED CIN: L31200TZ1981PLC001124
PREAMBLE RELATED PARTY TRANSACTIONS POLICY Lakshmi Electrical Control Systems Limited (the Company) believes in ethical conduct of business and maintains transparency and accountability in its activities.
More informationRELATED PARTY TRANSACTIONS POLICY
RELATED PARTY TRANSACTIONS POLICY 1 The Board of Directors (the Board ) of Zodiac Energy Limited (the Company ), has adopted the following policy regarding materiality of Related Party Transactions in
More informationGlaxoSmithKline Pharmaceuticals Limited. Related Party Transactions Policy
Related Party Transactions Policy Table of Contents 1. Introduction... 3 2. Purpose... 3 3. Applicability and governing law... 3 4. Key Definitions... 3 5. Policy on related party transactions... 4 5.1.
More informationRelated Party Transaction Policy
MUNJAL SHOWA LIMITED Related Party Transaction Policy Policy on Materiality of Related Party Transactions and dealing with Related Party Transactions Page 1 of 10 MUNJAL SHOWA LIMITED Related Party Transaction
More informationMARAL OVERSEAS LIMITED POLICY ON RE LATED PARTY TRANSACTIONS
MARAL OVERSEAS LIMITED POLICY ON RE LATED PARTY TRANSACTIONS Amended by Board of Directors at its meeting held on, 31 st January, 2019 on the recommendation of Audit Committee. Preamble Applicability Definitions
More informationPOLICY ON RELATED PARTY TRANSACTIONS
POLICY ON RELATED PARTY TRANSACTIONS BACKGROUND The Board of Directors of Videocon Industries Limited, acting upon the recommendations of the Audit Committee of Videocon Industries Limited has approved
More informationRelated Party Transaction Policy and policy on determining material subsidiaries
Dolphin Offshore Enterprises (India) Limited Related Party Transaction Policy and policy on determining material subsidiaries 1 RELATED PARTY TRANSACTION POLICY 1. Preamble The Board of Directors (the
More informationNBCC RELATED PARTY TRANSACTION POLICY
NBCC RELATED PARTY TRANSACTION POLICY 1. Preamble The Board of Directors (the Board ) of National Buildings Construction Corporation Limited (the Company or NBCC) has adopted the following policy and procedures
More informationक र प र शन ब क. Corporation Bank. Related Party Transactions Policy (Revised by the Board of the Bank on 21 st April 2017)
Related Party Transactions Policy (Revised by the Board of the Bank on 21 st April 2017) 1. Preamble It is the policy of the Board of Directors (the Board ) of (the Bank ) that all Related Party Transactions,
More informationBENGAL & ASSAM COMPANY LIMITED Related Party Transaction Policy Adopted on 7 th August, 2014 (Amended upto 30 th May 2016)
BENGAL & ASSAM COMPANY LIMITED Related Party Transaction Policy Adopted on 7 th August, 2014 (Amended upto 30 th May 2016) 1 Preamble The Company is committed to upholding the highest ethical and legal
More informationHOLDINGS LIMITED POLICY ON DEALING WITH RELATED PARTY TRANSACTIONS
This policy is intended to ensure proper approval and reporting of transactions between the Company and any of its related parties. This policy shall apply to all transactions entered into by the company
More informationGE Power India Limited. Related Party Transactions Policy
GE Power India Limited Related Party Transactions Policy 1. INTRODUCTION GE Power India Limited (the "Company") recognises that certain relationships can present potential or actual conflicts of interest
More informationSUNGOLD CAPITAL LIMITED (CIN: L65910GJ1993PLC018956) Policy on Related Party Transactions
SUNGOLD CAPITAL LIMITED (CIN: L65910GJ1993PLC018956) Policy on Related Party Transactions OBJECTIVE: The Board of Directors (the Board ) of Sungold Capital Limited (the Company ), acting upon the recommendation
More informationPRESENTATION BY. CA. (DR.) DEBASHIS MITRA M.COM, LL.B, F.C.A., A.C.M.A., A.C.S., DISA(ICA), PhD.
PRESENTATION BY CA. (DR.) DEBASHIS MITRA M.COM, LL.B, F.C.A., A.C.M.A., A.C.S., DISA(ICA), PhD. LOANS TO DIRECTORS ETC. According to section 185 of the Act save as otherwise provided in this Act, no company
More informationPOLICY ON RELATED PARTY TRANSACTIONS/ DISCLOSURES
POLICY ON RELATED PARTY TRANSACTIONS/ DISCLOSURES BLUE DART EXPRESS LIMITED 1 TABLE OF CONTENTS I. Preamble...3 II. III. Objective...3 Definitions...3 IV. Related Party Transactions...5 V. Disclosure of
More informationMateriality of Related Party Transactions and on Dealing with related Party Transactions
Policy on Materiality of Related Party Transactions and on Dealing with related Party Transactions 2018-19 Shares & Bonds Department Corporate Centre, State Bank Bhavan, Mumbai-400021 1 1. PREAMBLE. 1.1.
More informationPOLICY ON RELATED PARTY TRANSACTIONS
POLICY ON RELATED PARTY TRANSACTIONS 1. INTRODUCTION This policy on Related Party Transactions (hereinafter referred to as Policy ) of Mahanagar Gas Limited (hereinafter referred to as the Company ) and
More informationMercator Limited. Related Party Transaction and Arm s Length Pricing Policy Version No 1.0
Mercator Limited Related Party Transaction and Arm s Length Pricing Policy Version No 1.0 Preamble: 1.1 Mercator Ltd. directly/ through its subsidiaries (collectively called Mercator Group) has diversified
More informationRELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS Policy on Materiality of Related Party Transactions and dealing with Related Party Transactions Adopted on 1 st amendment on : 13.02.2015 : 11.08.2018 1 CONTENTS Sl. No. Particulars
More informationAccounting Standard (AS) 24. Related Party Disclosures
Exposure Draft Accounting Standard (AS) 24 Related Party Disclosures Last date for the comments: 31 st October, 2017 Issued by Accounting Standards Board The Institute of Chartered Accountants of India
More informationPolicy on Related Party Transactions Benares Hotels Limited
Policy on Related Party Transactions Benares Hotels Limited DOCUMENT CONTROL SHEET Version History Version Date Changes and Reasons for change 1.0 November 2014 Release date 2.0 October 2016 Changes based
More informationUTTAM VALUE STEELS Limited
POLICY ON RELATED PARTY DISCLOSURES Policy on Related Party Disclosure in Uttam Value Steels Limited under Companies Act, 2013 & Clause 49 of Listing Agreement and Applicable Accounting Standard of AS
More informationPOLICY ON RELATED PARTY TRANSACTIONS
Preamble POLICY ON RELATED PARTY TRANSACTIONS The Board of Directors (the Board ) of (the Company or Aurumsoft ), has adopted the following policy and procedures with regard to Related Party Transactions
More informationPOLICY ON RELATED PARTY TRANSACTIONS. TAKE Solutions Limited
TAKE Solutions Limited 1. SCOPE AND PURPOSE OF THE POLICY As per the requirements of Sec 188 of the Companies Act, 2013 ( Act ) read with the Companies (Meetings of Board & its Powers), Rules 2014 and
More informationRelated Party Transaction Policy {Pursuant to Clause 49 (VII)(C) of Listing Agreement}
Related Party Transaction Policy {Pursuant to Clause 49 (VII)(C) of Listing Agreement} LT Foods Limited Regd. Office:-Unit No.134, 1 st Floor, Rectangel-1, Saket District Centre, New Delhi-110 017 LT FOODS
More informationMANAPPURAM FINANCE LIMITED
MANAPPURAM FINANCE LIMITED POLICY ON RELATED PARTY TRANSACTIONS ( RPT POLICY ) 1 MAFIL: Policy on Related Party Transactions I. INTRODUCTION: Manappuram Finance Ltd ( the Company or MAFIL ) affirms good
More informationNATIONAL ALUMINIUM CO. LIMITED POLICY ON RELATED PARTY TRANSACTIONS
NATIONAL ALUMINIUM CO. LIMITED POLICY ON RELATED PARTY TRANSACTIONS 1. PREAMBLE The Companies Act, 2013 ( Act ) and Equity Listing Agreement have stipulated various conditions to be fulfilled in case of
More informationRELATED PARTY TRANSACTIONS POLICY
RELATED PARTY TRANSACTIONS POLICY 1. PREAMBLE The Board of Directors (the Board ) of GTL Limited (the Company or GTL ), has adopted this policy and procedures upon the recommendation of the Audit Committee
More informationRELATED PARTY TRANSACTIONS POLICY. Bharat Heavy Electricals Limited
RELATED PARTY TRANSACTIONS POLICY Bharat Heavy Electricals Limited 8 th March 2016 CONTENTS 1.0 INTRODUCTION 03 2.0 APPLICABILITY.. 03 3.0 SCOPE AND PURPOSE. 03 4.0 DEFINITIONS. 03 5.0 REVIEW AND APPROVAL
More informationPolicy on Materiality of related party transactions and dealing with Related Party Transactions
Policy on Materiality of related party transactions and dealing with Related Party Transactions 1 BACKGROUND The Companies Act, 2013 was enacted on August 30, 2013 which provides major overhaul in the
More informationRELATED-PARTY TRANSACTION POLICY
Damodar Industries Limited Reg. Off. A1/202, Centre Point, 243-A, N. M. Joshi Marg, Lower Parel (E),Mumbai 400013 Corporate Identity Number: L17110MH1987PLC045575 Tel: +91 022-6661 0301 Fax: 022-6661 0308
More informationPPAP AUTOMOTIVE LIMITED (Formerly Precision Pipes and Profiles Company Limited) RELATED PARTY TRANSACTIONS POLICY
PPAP AUTOMOTIVE LIMITED (Formerly Precision Pipes and Profiles Company Limited) RELATED PARTY TRANSACTIONS POLICY 1. Preamble The Board of Directors (the Board ) of PPAP Automotive Limited (the Company
More informationSASTASUNDAR VENTURES LIMITED (formerly Microsec Financial Services Limited) RELATED PARTY TRANSACTION POLICY
RELATED PARTY TRANSACTION POLICY The Board of Directors (the Board ) of Sastasundar Ventures Limited (the Company ) has adopted this Policy upon the recommendation of the Audit Committee and the said Policy
More informationUnited Bank of India Policy on Related Party Transactions
1. The Policy framed under SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 (hereinafter mentioned as Listing Regulations ) is named United Bank of India Policy on Related Party Transactions
More informationRelated Party Transaction Policy
Related Party Transaction Policy 1. Preamble The Board of Directors (the Board ) of ZUARI GLOBAL LIMITED (the Company ), has adopted the following policy and procedures in pursuance of Regulation 23 of
More informationELECON ENGINEERING COMPANY LIMITED RELATED PARTY TRANSACTION POLICY
ELECON ENGINEERING COMPANY LIMITED RELATED PARTY TRANSACTION POLICY 1. Preamble The Board of Directors (the Board ) of Elecon Engineering Company Limited (the Company ), has adopted following policy and
More informationSITI CABLE NETWORK LIMITED
SITI CABLE NETWORK LIMITED (CIN L64200MH2006PLC160733) Regd. Off: 135, Continental Building, Dr Annie Besant Road, Worli, Mumbai 400 018 Tel. 022 2483 1234 Fax. 022 2495 5974 RELATED PARTY TRANSACTION
More informationRELATED PARTY TRANSACTIONS POLICY
RELATED PARTY TRANSACTIONS POLICY 1. INTRODUCTION ALPS MOTOR FINANCE LIMITED (the "Company") recognizes that certain relationships can present potential or actual conflicts of interest and may raise questions
More informationMISCELLANEOUS PROVISIONS
27 MISCELLANEOUS PROVISIONS AMENDMENTS BY THE FINANCE ACT, 2015 (a) Acceptance of Specified sum and repayment of Specified advance in relation to immovable property transactions to be effected through
More informationSIMPLEX INFRASTRUCTURES LIMITED
SIMPLEX INFRASTRUCTURES LIMITED POLICY ON RELATED PARTY TRANSACTIONS (As revised and approved by the Board of Directors on 14.02.2019) 1. PREAMBLE Regulation 23 of the SEBI (Listing Obligations and Disclosure
More informationRELATED PARTY TRANSACTION POLICY
RELATED PARTY TRANSACTION POLICY 1. Preamble The Board of Directors (the Board ) of K G Denim Limited (the Company or KGDL), has adopted the following policy and procedures with regard to Related Party
More informationASSURANCE INSIGHTS RELATED PARTY TRANSACTIONS
ASSURANCE INSIGHTS RELATED PARTY TRANSACTIONS 9 July 2015 Issue 1 It is common for entities to operate separate functions of their business through subsidiaries, associates, joint ventures or special purpose
More informationHCL Technologies Limited
HCL Technologies Limited Related Party Policy I. INTRODUCTION HCL Technologies Limited ( Company / HCL ) recognizes that Related Party Transactions (as defined below) can present potential or actual conflicts
More informationG E CL. alaxy nter tainment orporation. imited
Entertainment C L Policy on Related Party Transaction (Amended in terms of SEBI (Listing Obligations and Disclosure Requirements) 2015) RELATED PARTY TRANSACTIONS POLICY 1. Preamble This policy is formed
More informationExplanation. significant influence means control of at least twenty percent of total share capital, or of business decisions under an agreement.
RELATED PARTY TRANSACTION POLICY The Board of Directors of the Company has adopted the following policy and procedures with regard to Related Party Transactions as defined below. The Audit Committee will
More informationPOLICY ON RELATED PARTY TRANSACTIONS
POLICY ON RELATED PARTY TRANSACTIONS (Effective From: 1 st October, 2014) Regd. Office: Nanubhai Amin Marg, Industrial Area, P.O. Chemical Industries, Vadodara 390 003 CIN: L36990GJ1943PLC000363 1 RELATED
More informationPOLICY ON RELATED PARTY TRANSACTIONS
POLICY ON RELATED PARTY TRANSACTIONS A) OVERVIEW 1. OBJECTIVE This policy is framed as per requirements of Clause 49 of the Equity Listing Agreement entered by the Bank with the Stock Exchanges and intended
More information5 Income of Other Persons Included in Assessee s Total Income
5 Income of Other Persons Included in Assessee s Total Income Learning Objectives After studying this chapter, you would be able to understand - why clubbing provisions have been incorporated in the Act
More informationSUNFLAG IRON AND STEEL COMPANY LIMITED REGISTERED OFFICE : 33, MOUNT ROAD, SADAR, NAGPUR
SUNFLAG IRON AND STEEL COMPANY LIMITED REGISTERED OFFICE : 33, MOUNT ROAD, SADAR, NAGPUR - 440001 Corporate Identification Number (CIN) L 27100 MH 1984 PLC 034003 Tel No. + 91 712 2524661 / 2520356 7 8,
More information4.3.1 Audit Committee means the audit committee of Board of Directors of the Company.
LUMAX INDUSTRIES LIMITED POLICY NO: 04 ISSUE DATE: 11-11-2014 EFFECTIVE DATE: 11-11-2014 RELATED PARTY TRANSACTION POLICY REVISION NO: NA REVISION NO: NA PAGES: 10 4.1 PREAMBLE The Company believes in
More informationBELLA CASA FASHION & RETAIL LIMITED
BELLA CASA FASHION & RETAIL LIMITED RELATED PARTY TRANSACTION POLICY 0 Bella Casa Fashion & Retail Limited RELATED PARTY TRANSACTION POLICY 1. Preamble: The Board of Directors (the Board ) of Bella Casa
More informationNEW CONCEPTS UNDER COMPANIES ACT, 2013
NEW CONCEPTS UNDER COMPANIES ACT, 2013 Presented at: (WIRC-ICAI Mumbai Branch) Presented by: CA. Manoj Pati ACA, DISA Partner Kanu Doshi Associates Content OVERVIEW OF COMPANIES ACT,2013 Why there was
More informationPolicy and Procedures for the Related Party Transactions (RPT)
Policy and Procedures for the Related Party Transactions (RPT) I Overview : Noida Toll Bridge Company Limited (NTBCL) (the Company ) has established and adopted this Policy for Related Party Transactions
More informationPOWER FINANCE CORPORATION LIMITED POLICY ON RELATED PARTY TRANSACTIONS
Annexure II POWER FINANCE CORPORATION LIMITED POLICY ON RELATED PARTY TRANSACTIONS The Companies Act, 2013 and the revised Clause 49 of Equity Listing Agreement ("Listing Agreement") have laid down extensive
More informationDIRECTOR INDEPENDENCE STANDARDS
DIRECTOR INDEPENDENCE STANDARDS Reviewed and Reapproved 4-23-18 UNS Energy Corporation Director Independence Standards 4-23-18 I. Policy This Board of Directors (Board) recognizes that the expertise and
More informationPOLICY ON MATERIALITY OF RELATED PARTY TRANSACTIONS AND DEALING WITH RELATED PARTY TRANSACTIONS
T. V. Today Network Limited Registered Office: F-26, First Floor, Connaught Circus, New Delhi 110001, CIN No. L92200DL1999PLC103001, Telephone Number: 0120-4807100, Fax Number: 0120-4325028, Website: www.aajtak.intoday.in,
More informationDewan Housing Finance Corporation Limited. Related Party Transaction Policy
Dewan Housing Finance Corporation Limited Related Party Transaction Policy REVISION HISTORY: Effective from 1 st October, 2014 1 st Amendment 20 th October, 2015 2 nd Amendment and Review 16 th January,
More informationDomestic Transfer Pricing Provisions
Domestic Transfer Pricing Provisions Ameya Kunte April 4, 2014 ameya.kunte@taxsutra.com Contents Background why domestic TP? SC observations in Glaxo ruling Amendments by Finance Act, 2012 Domestic TP
More informationDomestic Transfer Pricing
Domestic Transfer Pricing Ameya Kunte 20 March 2015 ameya.kunte@taxsutra.com Contents Background why domestic TP? SC observations in Glaxo ruling Amendments by Finance Act, 2012 Domestic TP Framework SDT
More informationIC ARTICLE 14. MUTUAL INSURANCE HOLDING COMPANY LAW. IC Chapter 1. General Provisions and Definitions
IC 27-14 ARTICLE 14. MUTUAL INSURANCE HOLDING COMPANY LAW IC 27-14-1 Chapter 1. General Provisions and Definitions IC 27-14-1-1 Short title Sec. 1. This article may be referred to as the Indiana mutual
More informationSKIL INFRASTRUCTURE LIMITED
LEGAL FRAMEWORK SKIL INFRASTRUCTURE LIMITED POLICY ON MATERIALITY OF RELATED PARTY TRANSACTIONS AND DEALING WITH RELATED PARTY TRANSACTIONS This Policy is framed by the Board of Directors of SKIL Infrastructure
More informationPolicy on Related Party Transactions With effect from 1 st July 2016
Regd. Office: 9 th Floor Antriksh Bhawan, 22 K G Marg, New Delhi-110001 CIN: U65922DL1988PLC033856 Policy on Related Party Transactions With effect from 1 st July 2016 1. INTRODUCTION & PURPOSE PNB Housing
More informationRelated Party Disclosures. Contents. Accounting Standard (AS) 18 (issued 2000)
Accounting Standard (AS) 18 (issued 2000) Related Party Disclosures Contents OBJECTIVE SCOPE Paragraphs 1-9 DEFINITIONS 10-14 THE RELATED PARTY ISSUE 15-19 DISCLOSURE 20-27 Accounting Standard (AS) 18*
More informationRelated Party Transaction Policy w.e.f. J u l y Version 1.3
Related Party Transaction Policy w.e.f. J u l y 2 6 2016 Version 1.3 0 RELATED PARTY TRANSACTION POLICY The Company had initially introduced and implemented the Company s Policy on Related Party Transactions
More informationOBJECTIVE SCOPE Paragraphs 1-9 DEFINITIONS THE RELATED PARTY ISSUE DISCLOSURE 20-27
346 Accounting Standard (AS) 18 (issued 2000) Related Party Disclosures Contents OBJECTIVE SCOPE Paragraphs 1-9 DEFINITIONS 10-14 THE RELATED PARTY ISSUE 15-19 DISCLOSURE 20-27 The following Accounting
More informationGoldstone Technologies Limited
Goldstone Technologies Limited POLICY FOR CONSIDERATION AND APPROVAL OF RELATED PARTY TRANSACTIONS Page 1 of 7 1. Introduction The Board of Directors ( Board ) of Goldstone Technologies Limited ( Company
More informationINSPIRISYS SOLUTIONS LIMITED RELATED PARTY TRANSACTION POLICY
INSPIRISYS SOLUTIONS LIMITED (formerly Accel Frontline Limited) RELATED PARTY TRANSACTION POLICY Corporate Office: First Floor, Dowlath Towers, New Door Nos. 57, 59, 61 & 63, Taylors Road, Kilpauk, Chennai
More informationPOLICY ON RELATED PARTY TRANSACTION
POLICY ON RELATED PARTY TRANSACTION 1. Preamble Kennametal India Limited (the Company or KIL ) recognizes that Related Party Transactions (as defined below) can present potential or actual conflicts of
More informationB S R & Co. LLP. Specified Domestic Transactions. Pankil Sanghvi Director. 10 October 2015
Specified Domestic Transactions B S R & Co. LLP Pankil Sanghvi Director 10 October 2015 1 Background Genesis of Domestic Transfer Pricing Regulations Supreme Court (SC) in the case of CIT v Glaxo SmithKline
More informationCONTENT. Mulund CPE Study Circle of ICAI. Domestic Transfer Pricing Applicability & Overview 15/6/2013. CA Paras K Savla
Mulund CPE Study Circle of ICAI Domestic Transfer Pricing Applicability & Overview 15/6/2013 CA Paras K Savla CONTENT Introduction Specified domestic transactions Illustrations Procedures ALP under other
More information1. Basic concepts of Income Tax
Quick review of the chapter: Sections Particulars Sec. 2(7) Assessee Sec. 2(9) Assessment year Sec. 2(24) Income Sec. 2 (31) Person Sec. 2(34) & 3 "Previous Year" defined Sec. 80B(5) Gross total income
More informationPolicy and Procedures for the Related Party Transactions (RPT)
Policy and Procedures for the Related Party Transactions (RPT) I Overview : Noida Toll Bridge Company Limited (NTBCL) (the Company ) has established and adopted this Policy for Related Party Transactions
More informationIndusInd Bank Limited
IndusInd Bank Limited Policy on Related Party Transactions (RPTs) 1.0 Preamble The corporate governance norms in respect of transactions with related parties have been evolving over the years with increasing
More informationStatements of Accounting Standards (AS 18)
Statements of Accounting Standards (AS 18) Subject: Related Party Disclosures The following Accounting Standard (AS) 18, 'Related Party Disclosures is issued by the Council of the Institute of Chartered
More informationCommunity Foundation of St. Clair County Conflict of Interest Policy
Community Foundation of St. Clair County Conflict of Interest Policy ARTICLE I: Purpose The purpose of the conflict of interest policy is to protect the Community Foundation of St. Clair County s interest
More informationDISHMAN CARBOGEN AMCIS LIMITED [Formerly Carbogen Amcis (India) Limited] POLICY ON MATERIALITY OF RELATED PARTY TRANSACTIONS
DISHMAN CARBOGEN AMCIS LIMITED [Formerly Carbogen Amcis (India) Limited] POLICY ON MATERIALITY OF RELATED PARTY TRANSACTIONS PREAMBLE The Board of Directors (the Board ) of DISHMAN CARBOGEN AMCIS LIMITED
More informationWorkshop on Basics in Transfer Pricing. Domestic Transfer Pricing By
Workshop on Basics in Transfer Pricing Domestic Transfer Pricing By CA Praveen Ranka Introduction SDT The Intent The Finance Act, 2012 extended applicability of transfer pricing provisions to Specified
More informationDIHL INDIA HOLDINGS LIMITED
Effective: 13 th November 2017 Page 1 1. Preamble RELATED PARTY TRANSACTION POLICY The Board of Directors (the Board ) of DIHL India Holdings Limited (the Company or DIHL ) has adopted the following policy
More informationRelated Party Transactions
Related Party Transactions 5 February 2009 Jennifer Lee Associate Director, Corporate Finance Securities and Futures Commission Overview Definitions Related Parties Associates Related Party Transactions
More informationPFIZER LIMITED POLICY ON RELATED PARTY TRANSACTIONS
PFIZER LIMITED POLICY ON RELATED PARTY TRANSACTIONS 1. PREAMBLE The Board of Directors (the Board ) of Pfizer Limited (the Company ) has adopted this Policy upon the recommendation of the Audit Committee
More informationARTEFACT PROJECTS LIMITED POLICY ON RELATED PARTY TRANSACTIONS
ARTEFACT PROJECTS LIMITED POLICY ON RELATED PARTY TRANSACTIONS 1. PREAMBLE The Board of Directors (the Board ) of ARTEFACT PROJECTS LIMITED (the Company ) has adopted this Policy upon recommendation of
More informationANMOL INDUSTRIES LIMITED. Related Party Transaction Policy
ANMOL INDUSTRIES LIMITED Related Party Transaction Policy Version 2.0 As approved by the Board of Directors on 24.02.2018 ANMOL INDUSTRIES LIMITED Registered Office: 229, A.J.C. Bose Road 3rd Floor, Crescent
More informationPOLICY ON MATERIALITY OF AND DEALING WITH RELATED PARTY TRANSACTIONS
SANGAM (INDIA) LIMITED REGD. OFF: ATUN, CHITTORGARH ROAD, BHILWARA 311 001 (RAJ.) Ph.: 01482-305000, Fax: 01482-304120 CIN: L17118RJ1984PLC003173 Email: secretarial@sangamgroup.com, website: www.sangamgroup.com
More informationAYALA CORPORATION RELATED PARTY TRANSACTIONS POLICY
DECEMBER 4, 204 JUNE 24, 206 of 5 A. Introduction It is the policy of Ayala Corporation ( Corporation ) that related party transactions between the Corporation or any of its subsidiaries or affiliates
More informationCALCOM VISION LIMITED
CALCOM VISION LIMITED CIN: L92111DL1985PLC021095 Regd. Office: C-41, Defence Colony, New Delhi-110024 Email: corp.compliance@calcomindia.com website: www.calcomindia.com POLICY ON RELATED PARTY TRANSACTIONS
More informationChromatic India Limited Related Party Transactions
1. SCOPE AND PURPOSE OF THE POLICY Chromatic India Limited Related Party Transactions Related Party Transactions can present a potential conflict of interest which may be against the best interest of the
More information