Lexis Nexis’s Related Party Transactions under the Companies Act, 2013 by K S Ravichandran – Includes Comprehensive Coverage of Loans, Guarantees and Securities, Key Managerial Personnel et all – 3rd Edition 2024.

When evaluating the fundamental health and return on capital employed (ROCE) of a mid-cap entity, an analyst must look beyond top-line sales growth and scrutinize the nature of its related party transactions (RPTs). Related Party Transactions under the Companies Act, 2013 (3rd Edition, 2024), published by LexisNexis, provides the statutory magnifying glass required for this exact task. Authored by the prominent corporate law expert Dr. K.S. Ravichandran, this treatise spans 18 chapters and delivers a comprehensive, one-stop reference point for compliance requirements across all types of RPTs.

SEBI (LODR) & Arm’s Length Pricing

Drafting an RPT policy requires navigating a minefield of exemptions and disclosure norms. This 3rd Edition has been extensively revised to provide a complete picture of the subject from a statutory, regulatory, and practical perspective:

• SEBI Regulations & CARO: Provides a detailed account of compliances, disclosures, and reports to be furnished by auditors under SEBI (LODR) Regulations, 2015, and CARO accounting standards.

• Loans, Guarantees, & Investments: Decodes the strict limitations on granting corporate loans or providing securities to related entities, protecting institutional shareholding value.

• Managerial Remuneration: Clarifies the exact legal parameters for the appointment and remuneration of Key Managerial Personnel to ensure transactions operate strictly at arm’s length.

Boardroom Mechanics & Shareholder Approvals

The book contains answers and solutions to the most critical questions that usually arise during board meetings and audits. It explicitly explains the operational roles required to maintain corporate integrity:

• Audit Committees: Gives the exact ingredients required for a compliant charter of an audit committee and the formulation of an airtight RPT policy.

• Independent Directors: Explains the proactive role of independent directors in vetting arrangements for the sale, purchase, or leasing of properties.

• Shareholder Voting Restrictions: Highlights the critical regulations surrounding the clipping of voting rights for related party shareholders during compliance resolutions.

Who Should Buy This Book?

• Cost Accountants & Statutory Auditors: The ultimate desk reference for drafting CARO reports, verifying arm’s length pricing, and executing flawless corporate compliance audits.

• Research Analysts & Investment Bankers: A vital tool for executing SEBI-compliant fundamental equity screening and evaluating the risk of capital siphoning in target companies.

• Company Secretaries & Corporate Directors: Essential reading for navigating board approvals, filing MCA registers, and preventing statutory contraventions.

About the Author

Dr. K.S. Ravichandran (M.Com, LL.B, FCS, Ph.D.)

Dr. K.S. Ravichandran is the Founder and Managing Partner of KSR & Co Company Secretaries LLP, operating across Coimbatore, Bangalore, and Chennai. An unparalleled expert in Company Law, SEBI Securities Regulations, and FEMA, his specialized focus includes board processes, corporate restructuring, and statutory compliance solutions.

His highly unique background features over nine years of service in the Indian Air Force as a specialist in Russian Radar Systems before transitioning into law. He holds a doctorate on the Prosecution of Directors under Company and Criminal Law in India and the UK. As a former member of the expert sub-group constituted by the MCA and the Secretarial Standards Board of the ICSI, his regulatory insights represent the absolute pinnacle of Indian corporate governance. He is currently an Independent Director of the Karur Vysya Bank Limited and chairs the Corporate Laws Council of ASSOCHAM’s Southern Regional Council.

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