[IICA Independent Director] 27, Related-Party Transactions in a Listed Company

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How to distinguish Companies Act Section 188 rules from SEBI LODR Regulation 23 obligations for related-party transactions. - Why an arm's length or ordinary course exemption under company law does not waive SEBI LODR audit committee prior approval. - The role of independent directors on the audit committee in reviewing pricing evidence, alternatives, and omnibus thresholds. - Materiality requirements and voting restrictions for related parties under SEBI LODR shareholder approval provisions. - Key compliance oversight steps, periodic disclosure obligations, and avoiding common exam traps regarding post-facto ratification. This independent study resource helps candidates prepare for the IICA Independent Director Proficiency Test; practice questions and explanations are available at https://open-exam-prep.com/practice/in-iica-independent-director and video tutorials can be found at https://www.youtube.com/@Open-exam-prep . Sources checked: September 28, 2026: https://www.independentdirectorsdatabank.in/ , https://www.mca.gov.in/ , https://www.sebi.gov.in/legal/regulations.html Current consolidated LODR (July 14, 2026): https://www.sebi.gov.in/sebi_data/attachdocs/jul-2026/1784630770711.pdf