Related Party Transactions refer to dealings between parties with a pre-existing relationship. These can involve financial agreements, asset transfers, or services. Such transactions are crucial in business and can raise concerns about transparency and fairness. They are regulated to prevent conflicts of interest. In India, the Companies Act mandates disclosure of these transactions to ensure compliance and protect stakeholders.
The Securities and Exchange Board of India (Sebi) has recently cancelled the public issue of Trafiksol ITS Technologies. This decision follows allegations of misuse of funds through a...