whether lease of property by Director to its Company is allowed or not. if it is allowed, is there any provision for the same, is it fall under sec 188??
Neelam lahoty (student) (52 Points)
31 July 2014whether lease of property by Director to its Company is allowed or not. if it is allowed, is there any provision for the same, is it fall under sec 188??
RoHaN k
(CA & CS)
(308 Points)
Replied 31 July 2014
In my Openion
Yes it is allowed and it will be treated as Related Party Transaction.
Provisions of Sec. 188 need to be followed.
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