Related party transaction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 November 2018
Dear Sir
Please give your opinion on the following subject matter -
our company want to enter into transaction with Limited Liability Partnership in which one of our director is partner in LLP, whether this transactio will be covered under section 188 of the Companies Act, 2013.
Please give your valuable suggestion
Please give your opinion on the following subject matter -
our company want to enter into transaction with Limited Liability Partnership in which one of our director is partner in LLP, whether this transactio will be covered under section 188 of the Companies Act, 2013.
Please give your valuable suggestion
Guest
Guest
(Expert)
27 December 2018
Yes. It will get covered under 188. Ensure that the transaction is at Arms' length.
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