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Policy on Related Party Transactions (RPT) A. Applicability This policy is formed as a part of Corporate Governance Framework as per requirement of Clause 49 of the Listing Agreement entered by the
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How to fill out policy on related party

How to fill out policy on related party
01
Step 1: Begin by gathering all the necessary information about the related party, such as their name, address, and relationship to the organization.
02
Step 2: Clearly define the purpose and scope of the policy on related party, outlining the types of transactions or relationships that are considered related party transactions.
03
Step 3: Include a section on the disclosure requirements, specifying how and when related party transactions should be disclosed to stakeholders or regulatory bodies.
04
Step 4: Outline the approval process for related party transactions, including any thresholds or criteria that must be met before a transaction can be approved.
05
Step 5: Define the roles and responsibilities of individuals involved in the related party transactions, such as board members, executives, or finance personnel.
06
Step 6: Include a section on monitoring and enforcement, detailing how compliance with the policy will be monitored and what actions will be taken in the case of non-compliance.
07
Step 7: Regularly review and update the policy to ensure it remains aligned with changes in regulations or the organization's structure.
Who needs policy on related party?
01
Policy on related party is needed by organizations that engage in transactions or relationships with individuals or entities that have a close connection to the organization. These could include shareholders, directors, executives, employees, or their immediate family members.
02
The policy helps to ensure transparency, prevent conflicts of interest, and mitigate the risks associated with related party transactions. It is particularly important for publicly traded companies, non-profit organizations, and government entities to have a clear policy in place.
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What is policy on related party?
Policy on related party refers to the guidelines and regulations that govern transactions between a company and its related parties.
Who is required to file policy on related party?
Companies are required to file policy on related party to ensure transparency and prevent conflicts of interest.
How to fill out policy on related party?
Policy on related party should be filled out by detailing the procedures for identifying related parties, approving transactions, and disclosing any conflicts of interest.
What is the purpose of policy on related party?
The purpose of policy on related party is to promote transparency, prevent conflicts of interest, and ensure fair treatment of all parties involved in transactions.
What information must be reported on policy on related party?
Policy on related party must include details of related party transactions, procedures for approval, criteria for determining fair market value, and mechanisms for conflict resolution.
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