Come April 1, 2022, a lot could change in areas, such as the stock market, IPOs, cryptocurrencies, personal finance, and real estate. Here is the list of a few such changes that shall come into effect on Friday:
Greater scrutiny of RPTs
New provisions around related-party transactions (RPTs) come into force on April 1, 2022 (a few amendments will be effective from April 1, 2023). The market regulator, Sebi, has tightened norms around materiality thresholds, transactions with subsidiary companies, and approval for transactions between two foreign subsidiaries. Currently, listed entities need shareholders’ approval for material transactions entered with related parties,