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Party transactions and more: Sebi flags key issues plaguing India Inc

The second issue, which the market regulator pointed to be plaguing the industry, is non-disclosure of valuation reports and their adherence to transparency

Related party transactions against interest of minority shareholders: Sebi
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Avishek Rakshit Kolkata
With a rise in corporate failures in recent times, market regulator Securities and Exchange Board of India (Sebi) has flagged concerns on key issues plaguing the corporate sector and suggested that companies take measures to improve their consciousness and integrity. 

The primary issue, according to Sebi, is related  to party transactions (RPT) that are being extensively used by some companies to raise capital for another firm. The regulator is of the view that while RPTs serve the promoter's purpose to raise capital using mortgage or extension of loans or inter-corporate deposits, it goes against the interest of minority shareholders. Moreover,

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