In the last twelve months alone, SEBI has replaced the flat ₹1,000 crore / 10% materiality test with a turnover-linked slab under Schedule XII (in force from 18 December 2025), recalibrated the Audit Committee trigger for subsidiary transactions, codified the validity of omnibus shareholder approvals, and permitted an abridged minimum-information format for smaller transactions. Under the Companies Act, the monetary caps in Rule 15(3) have been gone since 2019 and Section 188

During statutory inspections and secretarial audits, one recurring oversight continues to draw severe regulatory scrutiny: The gap between an omnibus approval granted by the Audit Committee and the actual commercial execution trail. Under Regulation 23 of SEBI (LODR), 2015 and Section 188 of the Companies Act, 2013: • An omnibus approval is not a blanket authorization - it mandates verifiable justification for transactions where need cannot be foreseen. • The arm’s length bas