(First published in The Hindu Business Line: http://SEBI to tighten norms for related party transactions, statutory auditors)
My take, as quoted in The Hindu Business Line, on the recent consultation paper on changes in Related Party Transactions:
“Transactions with a related party of the subsidiary — even if it is not a related party of the listed entity — will now fall under the ambit of related party transactions, following the regulator’s clarified definition.
Joint venture entities, particularly in SEBI-, RBI-, or IRDAI-regulated sectors, are expected to face greater scrutiny given their complex inter-company dealings and capital flows”