Clause 49 Of Listing Agreement Lodr
The alignment of a definition of "related entities" and the raising of the threshold for determining the size of related party transactions to 10% of consolidated annual turnover and the approval of bus and coach authorisations have brought urgent changes. Secondly, the adoption of a uniform regime for the requirements of different securities listing agreements. Regulations 23(4) and 31A are expected to come into force, under which ordinary resolution should refrain, instead of a specific decision, in the case of all material transactions with related parties and related persons, in accordance with the provisions of the Companies Act, 2013. And the reclassification of promoters as public shareholders in different circumstances. The regulation has been transformed into a consolidated form to make all the agreements listed a single structured document for simple referencing.