SEBI Launches New RPT Portal to Enhance Corporate Transparency
| Aspect | Details |
|---|---|
| Initiative | SEBI launched a Related Party Transactions (RPT) portal. |
| Purpose | Ensure timely and accurate disclosures of related party transactions for better transparency and corporate governance. |
| Regulatory Background | - November 2021: Mandated prior shareholder approval for material RPTs exceeding ₹1,000 crore or 10% of consolidated annual turnover. - July 2023: Introduced stricter timelines, requiring companies to disclose material events within 12 to 24 hours. |
| Key Features | Centralized platform for reporting related party transactions, ensuring compliance with SEBI regulations. |
| Benefits for Investors | Enhanced transparency, enabling informed investment decisions. |
| Benefits for Companies | Simplified reporting process, minimizing non-compliance risks. |