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Download the full text of the Companies Act, 2013 in PDF format from the official website of the Ministry of Corporate Affairs. The Act contains provisions for incorporation, management, administration, winding up and offences of companies in India.
3 days ago · Learn about the rules and regulations for entering into contracts or arrangements with related parties under section 188 of the Companies Act 2013. Find out the exceptions, conditions, penalties and explanations for this section.
Sep 21, 2021 · Section 188 of Companies Act 2013 talks about Related Party Transactions that are applicable to both Private and Public Limited Company. Let us dive into details of Section 188:-Table of contents: Who is a related party? What is meant by related party transactions? Identifying Related party transactions; Approvals Required
Learn about the provisions and exceptions of section 188 of the Companies Act, 2013, which deals with related party transactions. Find out the definition, conditions, approval, reporting and penalties related to this section.
May 15, 2024 · Understand the intricacies of Related Party Transactions (RPTs) under Section 188 of the Companies Act, 2013. Learn about board approvals, shareholder consent, exemptions, and compliance essentials.
188. Related party transactions.— (1) Except with the consent of the Board of Directors given by a resolution at a meeting of the Board and subject to such conditions as may be prescribed, no company shall enter into any contract or arrangement with a related party with respect to— (a) sale, purchase or supply of any goods or materials;
In case of Government company - First and second proviso to Sub- section (1) of Section 188 shall not apply to :- (a) a Government company in respect of contracts or arrangements entered into by it with any other Government company;
Aug 12, 2014 · Learn about the legal provisions and requirements for entering into contracts or arrangements with related parties by companies in India. Find out the definitions, exceptions, penalties and amendments related to section 188 of the Companies Act 2013.
Mar 30, 2019 · As we all very well know that related party transactions require many compliance as per the Companies Act, 2013. In this Article an attempt is made to understand the provisions of Section 188 of the companies Act, 2013. 1. Office or Place of Profit [Explanation to sub-section (1) of section 188]
Section 188 of the Companies Act 2013[1] underpins norms around related party transactions. According to Section 2 (76) of the Companies Act 2013, the term “Related Party”, in the context of a company, implies; A Director or his/her relative; A core member or his/her relative;
