Omnibus approval for related party transaction

CS Divesh Goyal , Last updated: 08 January 2016  
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In case of Companies Act, is the board required to approve all related party transactions from audit committee? [1] The Companies Act 2013 prescribes that a company needs approval of the audit committee on all related party transactions and subsequent modifications thereto. Section 177(4) (iv).

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Published by

CS Divesh Goyal
(Practicing Compnay Secretary)
Category Corporate Law   Report

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