One of the changes is the introduction of scale-based thresholds for determining material RPTs. Under the revised framework, thresholds will now depend on the annual consolidated turnover of the listed entity.
In a move to promote greater transparency , SEBI has also sought enhanced and timely disclosures of RPTs to audit committees , shareholders and the exchanges.
Market regulator also likely to postpone a decision on the move to include key management personnel and promoters while passing special resolutions granting loans above a certain limit
The government is also looking to strengthen the National Companies Law Tribunal to speed up winding up of companies.
Aimed at improving transparency and giving more power to minority shareholders, the new norms will come into effect from October 1.