Condition of materiality changed for RPT involving brand usage or royalty
Regulation 23 of SEBI LODR, 2015 has been amended on 27th June, 2019.
As per the Sub-regulation 1A, any payments made towards brand usage or royalty to related parties were considered material if the transaction(s) exceed 2% of the annual consolidated turnover of the listed entity during a financial year. By this amendment, the limit of “two percent” of the annual consolidated turnover of the listed entity has been increased to “Five percent”.
The Andhra Pradesh Legal Metrology Enforcement Amendment Rules 2019
The Andhra Pradesh Legal Metrology Enforcement Amendment Rules 2019, has amended the duration of validity of a license to be 1 calendar year and renewal shall be granted for 1 calendar year to 3 calendar years, on payment of yearly renewal fees.
