STRENGTHEN LAWS RELATED PARTY TRANSACTIONS UNDER LODR

Sr Nature of Research Gap in

No Literature Name of Literature Covered/ Review Literature Intended Research

1. Journal (Mar. 28, 2023), In this journal regulatory framework governing  This article  The
https://corporate.cyril transactions affecting listed businesses has been introduces the researcher
amarchandblogs.com/ amended by the Securities and Exchange Board purpose and will carry out
2023/02/proposed- of India (SEBI), with a particular emphasis on effect test research on
amendments-to-lodr- agreements known as "Promoter/Shareholder without clear what specific
on-agreements- Arrangements." The main modifications include guidance on types
affecting-listed- the addition of Clause 5A, which requires the scope and of restriction
companies-swatting- agreements impacting management, control, or nature of or
flies-with-a- placing obligations or limitations on listed firms liabilities. liabilities are
sledgehammer/. to be disclosed. Agreements between envisaged.
shareholders, promoters, and associated parties  This article  The
are subject to disclosure requirements. lacks a researcher
Furthermore, the suggested modifications need clarification on will conduct
board approval for these kinds of agreements, how the research by
and for them to be effective, shareholder support proposed going through
(special resolution and majority of minority) is amendments the proposed
required. align with amendments.
existing
regulations
with regard to
(RPTs).
Sr Nature of Research Gap in
No Literature Name of Literature Covered/ Review Literature Intended Research

(Mar. 6, 2023), This journal explains in detail the major changes This article does not The researcher will
2. Journal https://corporate.cyrila made to the SEBI (Listing Obligations and provide clear definition carry out the research
marchandblogs.com/20 Disclosure Requirements) Regulations, 2015 or examples of what on clear definitions of
23/07/sebi- (LODR Regulations) that the Securities and constitutes special what constitutes
amendments-to-the- Exchange Board of India (SEBI) made to the rights. special rights.
lodr-an-overview-of- governance structure for listed businesses. It
key-changes/. emphasizes public shareholder approval of
business transfer agreements and shareholder
approval of special rights. It also talks on the
permanent nature of directors, the necessity of
periodic shareholder approval, and the strict
deadlines for replacing departing CEOs, CFOs,
compliance officers, and directors. In response
to SEBI's concerns regarding information
asymmetry and delayed disclosures by listed
businesses, the authors highlight the
ramifications of these modifications, addressing
issues of disclosure adequacy and requiring
stronger transparency and governance
requirements.
Sr Nature of Research Gap in
No Literature Name of Literature Covered/ Review Literature Intended
Research

The discussion of dual-class share structures in  This article does The researcher will
3. Journal Utkarsh Rai, A New corporate law study is the focus of this literature not extensively conduct research on
review. A misalignment of incentives and potential explore the impact regulatory changes
Dawn for Corporate
harm to minority shareholders are suggested by of recent or proposals related
Special Rights in some, while others contend that these structures regulatory changes to dual shares.
enable promoters and founders to obtain cash or proposals
India, "SEBI's Lodr
without giving up control. Research on dual-class related to dual The researcher will
Amendmends",, OP stock structures' performance in comparison to shares. carry research on
single-class structures has been done, although practices and
Jindal Global Law
opinions on their advantages and disadvantages are  This article is not regulatory
School 3-4 (2023). still being debated. exploring the frameworks
practices and regarding dual
regulatory shares.
frameworks
regarding dual-
class shares in
other major
financial markets.
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No Literature Name of Literature Covered/ Review Literature Intended
Research

Padmini srinivisan, An This journal also covers worldwide best practices and the The influence of The researcher
4. Journal Indian regulatory environment for RPTs. The report RPTs on will conduct the
analysis of related party research RTPs on
emphasizes the necessity of strong regulation and stakeholders
transaction in india monitoring to safeguard investors and other stakeholders, other than firm stakeholders that
as well as more openness and disclosure in RPTs to performance, impact on
404,2013 company
prevent fraud and abuse. All things considered, this such as workers
article offers insightful information about the and consumers, is performance.
characteristics and effects of RPTs in India, as well as not adequately
their consequences for investor protection and corporate examined in this
governance. publication.
Sr Nature of Research Gap in
No Literature Name of Literature Covered/ Review Literature Intended Research

5. Journal Sebi limitation and This journal explain SEBI (Listing Obligations This journal does notThe researcher will
disclosure requiremnets and Disclosure Requirements) Regulations, provide detailed conduct research on
regulations, 2015, ICSI 2015, are covered in this useful PDF document. information on theidentifying and
oublication on sebi,2016 It offers details on the main adjustments made to process of identifyingdisclosing related
corporate governance and periodic disclosures and disclosing related party transactions.
by listed companies as a result of the SEBI party transactions.
(LODR) Regulations, 2015. The International
Organisation of Securities Commissions'
(IOSCO) periodic disclosure guidelines and the
corporate governance guidelines outlined in
Chapter II Regulation 2 read in conjunction with
Chapter IV are also highlighted in this paper. All
listed firms must abide by the SEBI (LODR)
Regulations, 2015; non-compliance may result
in penalties, fines, and other legal repercussions.
Sr Nature of Research Gap in
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6. Journal Groww Team, What is This article examines Related Party Transactions This article lacks the The researcher will
Related Party (RPTs) in the business world, focusing on their frequency, nature,
carry out the research
Transactions, ethical and legal aspects. It talks about and impact on
Understand Related regulatory structures, especially the Companies shareholders’ value, on practical insights
Party Regulation (Mar. Act of 2013; it also talks about contemporary that can add a depth
into the dynamics of
7, 2022), events such as Asian Paints. The consequences to the discussion.
https://groww.in/blog/all of non- compliance are described, emphasising RPTs
-about-related-party- how important corporate governance is
transactions. becoming. Comparative analysis and empirical
investigations are among the research gaps.
Sr Nature of Research Gap in
No Literature Name of Literature Covered/ Review Literature Intended Research

This article explains large shareholders are now This article does not The researcher will
7. Journal Inder Mohan, related included in the definition of "related party" as delve into potential conduct research on
party transaction per SEBI's regulation revisions regarding related challenges or practical implications,
regime critical party transactions (RPTs) for listed businesses. criticism arising out industry responses of
aspects, Shardul The scope of RPT now includes subsidiary from amendments. the expanded RPT
Amarchand transactions affecting joint ventures with related network
mangaldas,2,2022 parties of the listed firm or the subsidiary.
Although the changes seek to improve
governance, business interests could be at odds
with them. It is advised to take exclusions into
consideration, particularly for legitimate RPTs
in joint ventures.
Sr Nature of Research Gap in
No Literature Name of Literature Covered/ Review Literature Intended Research

8. Journal Letishiya Chaturvedi, This article talks about development of corporate This article lacks the The researcher will
related party governance in India, emphasizing concerns comprehensive conduct research on
transactions and about abusive practices and related party analysis of the empirical evidence
corporate governance in transactions (RPTs). It draws attention to cases effectiveness of and examples of
India, SCC of non- disclosure and the demand for more current current RTP,s
Online,2021 stringent laws. To improve corporate measures through scenario of the
governance, the author recommends actions empirical company.
include strengthening whistleblower rights, evidence and
lowering approval criteria, defining "arm's practical examples.
length," standardizing reporting formats, and
establishing Audit Committee supervision.
Sr Nature of Research Gap in
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9. Journal Bharat Vasani, RPT This article talks about related party transaction This article does The researcher will
regulations some (RPT) rules amended by SEBI, which go into not delve conduct empirical
suggestion for SEBI’S effect on April 1, 2022, are criticised for empirical research on minority
consideration, possible overreach, they are intended to research shareholders really
Cyril Amarchand strengthen protection for minority shareholders. or comparative affects in firms.
Mangaldas,2022 Concerns over expanded definitions, materiality analysis to see how
standards, and time limits for audit committees the modifications
are raised by the authors. It is suggested that would really affect
some transactions be excluded, definitions be minority
improved, and realistic materiality thresholds be shareholders or
established. They recommend a thorough listed firms.
analysis to strike a balance between minority
interests and allowable commercial operations.
Sr Nature of Research Gap in
No Literature Name of Literature Covered/ Review Literature Intended Research

The article addresses related party transactions This article lacks how The researcher will
10. Journal Chaitanya Gupta, (RPTs) in India, with a particular emphasis on revised regulation conduct research on
Reconsidering related the most recent SEBI disclosure regulations. It affecting RPT the how RPT
party transaction challenges the regulations' wide applicability, dynamics and affecting corporate
journal,2016 claiming that they place needless scrutiny on corporate governance governance.
ordinary transactions. In order to minimise in practice.
abusive RPTs and avoid undue compliance
obligations, the essay recommends fine-tuning
thresholds and exclusions.