ECONOMICS

Detailed explanation-1: -b) Further, any person or any entity, directly or indirectly (including with their relatives), holding 20 percent or more of the equity shareholding in the listed entity, shall be deemed to be a related party.

Detailed explanation-2: -10% of annual consolidated turnover of the listed entity or INR 1, 000 Crores, whichever is lower; or. 5% of annual consolidated turnover of the listed entity for a transaction involving payments made to a related party for brand usage or royalty.

Detailed explanation-3: -A related party is a person or entity that is related to the entity that is preparing its financial statements (in this Standard referred to as the ‘reporting entity’). (a) A person or a close member of that person’s family is. related to a reporting entity if that person: (i)

Detailed explanation-4: -A related party is a person or an entity that is related to the reporting entity: A person or a close member of that person’s family is related to a reporting entity if that person has control, joint control, or significant influence over the entity or is a member of its key management personnel.