Related Party Transactions Section 188 companies act 2013



Posted on 09-04-2016        By ADMIN



Related Party Transactions Section 188 companies act 2013

Section 188 : Related Party Transactions 

Related Party Transactions 

With reference to company, the term ‘related party’ meansand includes the foll owing: 

— a director or his relative, 

KMP or their relative, 

— a firm in which a director manager or his relative is apartner, 

— a private company in which a director or manger is adirector or holds along with his relatives, more than 2% of its paid-up sharecapital, 

— a perso n on whose advice, directions or instruction(except given in profess ional capacity) a director or manager is a acc ustomedto act, 

— a holding/ subsidiary or asso ciate company, subsidiary’ssubsidiary, and such person as would be prescribed.



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