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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
6 days ago · Regulation 23 of LODR. (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;
76A. Punishment for contravention of section 73 or section 76. CHAPTER VI REGISTRATION OF CHARGES 77. Duty to register charges, etc. 78. Application for registration of charge. 79. Section 77 to apply in certain matters. 80. Date of notice of charge. 81. Register of charges to be kept by Registrar. 82. Company to report satisfaction of charge. 83.
Aug 17, 2020 · ♦ Sec – 188 (1): A company shall not enter into any contract or arrangement with a related party without the consent of Board of Directors through board resolution at a meeting and subject to conditions as prescribed with respect to: s ale, p urchase or s upply of any g oods or m aterials;
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.
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—
Mar 21, 2023 · Section 188 of the Companies Act, 2013, was introduced to ascertain the accurate financial position of the company and to increase the level of transparency when a transaction takes place. This also gives a huge amount of responsibility to the board of directors to review, approve, explain, and recommend the parties related to a transaction, as ...
