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Draft Related Party Transaction Policy Pursuant to Clause 49 (VII)(C) of Listing Agreement LT Foods Limited st Red. Office:Unit No.134, 1 Floor, Rectangel1, Sake District Center, New Delhi110 017

How to fill out draft related party transaction

How to fill out a draft related party transaction:

1. Begin by identifying the parties involved in the transaction. This includes the related parties and any third parties involved.
2. Clearly state the nature of the transaction. Specify whether it involves a purchase, sale, lease, loan, or any other type of financial arrangement.
3. Provide detailed information about the terms and conditions of the transaction. This includes the amount of money involved, payment terms, interest rates (if applicable), and any specific deadlines or milestones.
4. Include any relevant background information about the related parties. This can help provide context and ensure transparency in the transaction.
5. Clearly disclose any potential conflicts of interest that may arise due to the transaction. This is particularly important in related party transactions to ensure fairness and avoid any undue advantages.
6. Include any necessary legal and regulatory disclosures. This may involve complying with specific accounting standards or disclosing the transaction to regulatory authorities.
7. Review the draft transaction carefully to ensure accuracy and completeness. Double-check all numbers, names, and information provided.
8. Seek legal or financial advice if needed. If you are unsure about any aspect of the draft related party transaction, it is advisable to consult with professionals who specialize in the field.

Who needs draft related party transaction?

1. Companies or businesses involved in transactions with related parties may need to prepare draft related party transactions. This includes situations where the related parties have a significant influence or control over the company, such as subsidiaries, parent companies, or key executives.
2. Any organization or entity that is subject to regulatory requirements regarding related party transactions may need to prepare drafts of these transactions. This ensures compliance with legal and regulatory frameworks and ensures transparency in financial reporting.
3. Individuals or entities involved in complex financial arrangements with related parties, such as loans, leases, or joint ventures, may need to draft related party transactions to establish clear terms, conditions, and responsibilities.

Overall, anyone involved in a transaction with a related party should consider preparing a draft related party transaction to document the terms, ensure transparency, and comply with legal and regulatory requirements.

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What is draft related party transaction?

A draft related party transaction is a transaction between two parties who have a close relationship, such as family members or business associates.

Who is required to file draft related party transaction?

Entities or individuals who are involved in a draft related party transaction are required to file the transaction.

How to fill out draft related party transaction?

To fill out a draft related party transaction, the parties involved must provide detailed information about the transaction, including the nature of the relationship between the parties and the terms of the transaction.

What is the purpose of draft related party transaction?

The purpose of a draft related party transaction is to ensure transparency and prevent any potential conflicts of interest that may arise from transactions between related parties.

What information must be reported on draft related party transaction?

The information that must be reported on a draft related party transaction includes the names of the parties involved, the nature of the relationship between them, the terms of the transaction, and the value of the transaction.