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Related party transaction

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 May 2013 Mr.A is director of "X" and "Y" Company. "Z" is subsidiary of "Y" Company.

Mr.A would like to sale some assets of "X" company to "Z" Company ? This is related party transation ?
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Ajay Mishra

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Ajay Mishra (Expert)
16 June 2013 Hi

Yes it is required to be disclosed if it is subsidiary of Y company in which he is director.


Please also read AS-18 which deal with related party transaction.
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