Related party transaction(rpt) , clarification required
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 November 2014
As per new provisions, for the specified transactions, if the transaction value of RPT is more than 10% of net worth , shareholders' approval is required.
What if the company has negative net worth, will then all such RPT irrespective of amount, require shareholders' approval?
What if the company has negative net worth, will then all such RPT irrespective of amount, require shareholders' approval?
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 December 2014
Yes. As no mention of negative capital is mentioned , it is safer to take shareholders' approval .
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