Royalty payment of Indian firms under scanner, says report
Updated : October 29, 2018 08:45 AM IST
Out of 111 companies from a sample of 231, auto companies paid maximum royalty between 2006 and 2016, the report said.
The move comes after the Sebi mandated that royalty and brand payments beyond two percent of the total turnover on listed companies needed the backing of a majority of the minority shareholders: report.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more