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ARTICLE · 15 AUGUST 2024

Related Party Transactions: Recent SEBI Scrutiny

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The Indian securities market regulator, the Securities and Exchange Board of India ("SEBI"), issued an administrative warning to One 97 Communications Limited ("OCL")...

IndiaFinance and Banking
Rajat Sethi
Rajat Sethi
Abhishek Singh
Abhishek Singh

The Indian securities market regulator, the Securities and Exchange Board of India ("SEBI"), issued an administrative warning to One 97 Communications Limited ("OCL"), the parent company of Paytm Payments Bank Ltd. ("Paytm") on July 5, 2024 in relation to certain related party transactions ("RPTs") entered by OCL and / or its subsidiaries with Paytm. Such administrative warning was based on an examination of disclosed financial and other information related to OCL and Paytm for the financial year ended March 31, 2022.

Keeping in mind an objective of improving corporate governance standards that are followed by Indian listed companies for the healthy and robust growth of the Indian securities market, the SEBI has been continuously calibrating the disclosure requirements applicable to Indian listed companies to increase transparency and accessibility of information to investors. Provisions regulating RPTs and appropriate disclosure of such transactions are a step

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