Related party transaction
This query is : Resolved
Querist : Anonymous
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 ?
Mr.A would like to sale some assets of "X" company to "Z" Company ? This is related party transation ?
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.
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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