Related party transaction
This query is : Resolved
ARITRA CHAKRABORTY
(Querist)
15 November 2017
What is related party transaction?
CS Mitesh Mehta
(Expert)
30 November 2017
Related party transactions are the transactions entered into by the company with parties related to that company.
The Companies Act, 2013 precludes the Director of a company from dealing on behalf of the company and entering into contracts in which he has personal interest or has conflicting interest with
those stakeholders for whom he is duty bound in fiduciary capacity as a director of the company
The Companies Act, 2013 precludes the Director of a company from dealing on behalf of the company and entering into contracts in which he has personal interest or has conflicting interest with
those stakeholders for whom he is duty bound in fiduciary capacity as a director of the company
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- GSTR9 Annual Return
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- Import of Capital Machine
- Gift to nri relatives resides in usa
- Reward for festival
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- LLP audit and disclosure
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
