Related party transaction-property

Dhaval Master (Practicing Company Secretary)   (125 Points)

17 September 2014  
In my one of company director given his property to the company as purpose change of address of the company in local limits of the city with board of directors approval in the meeting.
 
The both directors are brother and both are interested in the transaction, how we comply the Section 188 and section 12 of the companies act, 2013.
 

No any rent agreement made for the use of property by the company.