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THE COMPANIES ACT, 2013 _____ ARRANGEMENT OF SECTIONS Last update-29-7-2022 _____ CHAPTER I PRELIMINARY SECTIONS 1. Short title, extent, commencement and application. 2. Definitions. CHAPTER II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO 3. Formation of company. 3A. Members severally liable in certain cases. 4. Memorandum. 5.
4 days ago · Section 188. Related party transactions. Effective from 01-04-2014 and font in blue from 09-02-2018. Regulation 23 of LODR.
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
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;
SECTION 188. RELATED PARTY TRANSACTIONS. [ Effective from 1st April, 2014] (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—
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;
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 Companies Act, 2013 read with Rule 15 of Companies ( Meetings of Board and its Powers) Rules, 2014, at best, envisage approval of the shareholders by way of special resolution and needless to say approval of the board of directors in a duly convened meeting but does not require any approval of the Central Government.
Aug 12, 2014 · Section 188: Related party transactions. *188. (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—
