Alerts & Updates

SEBI Update : Royalty payments to related parties

Corporate & Commercial | Apr 21, 2019

The Securities and Exchange Board of India (“SEBI”) vide notification no. SEBI/LAD-NRO/GN/2019/07 dated March 29, 2019 has issued the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2019.As a result of the amendment to Regulation 23(1A), with effect from July 1, 2019, payments made to related parties by a listed entity for brand usage or royalty shall be deemed to be material related party transactions, if such transactions exceed 2% of the annual consolidated turnover of the listed entity during a financial year.

Related Articles

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP Arbitration Weekly Update 26 September 2018

SC Rules: When a dispute resolution clause provides that...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP Arbitration Weekly Update 23 August 2018

In this week’s alert we update our readers on what has...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP Arbitration Weekly Update 13 October 2018

In this week’s update, we analyse a recent judgment of...

Alerts & Updates Litigation, Arbitration & Dispute Resolution

ELP Arbitration Update 23 August 2018

This week, we have analyzed the Bombay High Court’s...