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FORM 26 (See rule 35(1)) FORM OF APPLICATION FOR COMPOSITION OF Offenses UNDER SECTION 39C READ WITH SUBSECTION (3) OF SECTION 39 OF THE HIMACHAL PRADESH TOWN AND COUNTRY PLANNING ACT, 1977 (ACT NO.
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Rule 351 is a regulation that outlines the requirements for certain filings and disclosures related to securities and financial activities, specifically concerning the reporting of 'related party transactions'.
Entities that engage in specific financial transactions or dealings with related parties, such as corporate officers, directors, or significant shareholders, are required to file Rule 351.
To fill out Rule 351, entities must provide detailed information on the related party, the nature of the transaction, terms of the agreement, and any other relevant financial data as prescribed by the regulation.
The purpose of Rule 351 is to ensure transparency and accountability in financial reporting by requiring disclosure of transactions between a company and its related parties to prevent conflicts of interest.
Information that must be reported on Rule 351 includes the names of related parties, the nature of the relationship, details of the transactions, any financial implications, and compliance with company policies and governance standards.
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