Related Party Transactions Under Corporate Law-2

In case of Brand usage or royalty, a transaction shall be material if transaction together with previous transactions in the same F.Y. exceeds ____ as per last audited F.S.

• a. 10 % of annual consolidated turnover

• b. 5 % of annual consolidated turnover

• c. 20% of annual consolidated turnover

• d. 1000 Crores

Transaction between 2 Government Companies require

• a. Only Audit Committee approval

• b. Only Shareholders approval

• c. Both a & b

• d. No approval is required

As per SEBI Regulation, deemed related party is any person

• a. Part of Promoters

• b. Holding 20% equity shares 

• c. Holding 10 % equity shares

• d. Both a & c

Omnibus approval can be granted for a maximum of 

• a. 6 Months

• b. 9 Months

• c. 12 Months

• d. None of these

_______ is responsible for disclosing RPTs.

• a. Auditor

• b. Management

• c. Related Party

• d. RPTs need not be disclosed.