Related Party Transaction
This query is : Resolved
09 August 2009
Mr X is a director of a Public company and this public company has contract with another partnership firm where Mr.X is Managing Partner. Whether this contract should be done with the approval of ROC or Central Government.
What should i do for the smooth working of this contract
What should i do for the smooth working of this contract
10 August 2009
You are not required any approval.. you need to give the discloser in the financial statement according to AS 18
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