Companies Act, 2013

Section - 188 - Related party transactions

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-

(a)-sale, purchase or supply of any goods or materials;
(b)-selling or otherwise disposing of, or buying, property of any kind;
(c)-leasing of property of any kind;
(d)-availing or rendering of any services;
(e)-appointment of any agent for purchase or sale .... To read the full section download the app from Google Play store
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