Sebi extends deadline till Jul 1 for complying with industry standards on related party transactions

New Delhi, Mar 21 (PTI) Markets regulator Sebi on Friday extended the deadline for listed entities by three months to July 1 for complying with the industry standards on minimum information to be provided for review by the audit committee and shareholders when seeking approval of a related party transaction.
    Earlier, the industry standards were set to become effective from April 1, 2025.
    "Sebi has received feedback from various stakeholders requesting an extension of the timeline for the applicability of the industry standards. Accordingly, it has been decided that the effective date of the circular shall be July 1, 2025," the regulator said in a circular.
    The Industry Standards Forum (ISF) comprising representatives from three industry associations -- ASSOCHAM, CII and FICCI -- which had formulated the industry standards, will 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.
    In February, the regulator introduced industry standards for the minimum information that listed entities are required to provide to the audit committee and shareholders when seeking approval for related party transactions (RPT).
    The industry associations and stock exchanges will publish these standards on their websites to facilitate a uniform approach and assist listed entities in complying with the requirements.

(This story has not been edited by THE WEEK and is auto-generated from PTI)