The transaction should be at arms length without any conflict of interest. Full documentation regarding such transaction should be provided if so required by the Audit Committee in order for it to take an objective decision. The need and/or benefit of entering into such a transaction should be indicated. Interest of all stakeholders should be protected. Disclosures Details of all material transactions with related parties shall be disclosed quarterly along with the compliance report on corporate governance. The company shall disclose the policy on dealing with Related Party Transactions on its website and a web link thereto shall be provided in the Annual Report. A comprehensive list of such persons/entities identified as related parties as indicated in para (ii) above shall be prepared by the Company Secretary and circulated to all the concerned personnel within the Company. This list shall be updated from time to time as appropriate.
The transaction should be at arms length without any conflict of interest. Full documentation regarding such transaction should be provided if so required by the Audit Committee in order for it to take an objective decision. The need and/or benefit of entering into such a transaction should be indicated. Interest of all stakeholders should be protected. Disclosures Details of all material transactions with related parties shall be disclosed quarterly along with the compliance report on corporate governance. The company shall disclose the policy on dealing with Related Party Transactions on its website and a web link thereto shall be provided in the Annual Report. A comprehensive list of such persons/entities identified as related parties as indicated in para (ii) above shall be prepared by the Company Secretary and circulated to all the concerned personnel within the Company. This list shall be updated from time to time as appropriate.