The Payment Of Royalty By Listed Indian Companies

Vide a press release No. 16/2019 dated June 27th 2019 (“Press Release“) the Securities and Exchange Board of India (“SEBI“) has on its board meeting held on 27th June 2019 provided that the payment made by listed companies to related parties towards brand usage or royalty will be considered material if such transaction (s) exceeds 5% of the annual consolidated turnover of a listed company in a financial year. The SEBI further prescribed that such transactions would require the prior approval of the shareholders with no related party having a vote to approve such resolutions.


Mini Raman talks about The payment of royalty by listed Indian companies in her article which can be viewed at http://www.mondaq.com/article.asp?articleid=823446

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