Related party transactions

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Revati Sathe

Revati Sathe (Querist)
Follow

09 January 2015 pl. provide me specimen Board resolution and also special resolution for related party transactions

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
Follow

15 January 2015 RESOLVED THAT pursuant to the provisions of section 188 of the Companies Act, 2013 (as amended or re-enacted from time to time) read with rule no 15 of the Companies (Meeting of Board and its Powers) Rules 2014, the consent be and is hereby accorded for entering into a contract with ……. [Name of related party], the copy of which is laid before the meeting and initialled by the chairman for the purpose of identification, be and is hereby approved. The brief details of contract is given below
Description Period Amount (in Rs)

RESOLVED FURTHER pursuant to the provisions of section 189 of the Companies Act, 2013 (as amended or re-enacted from time to time) read with rule no 16 of the Companies (Meeting of Board and its Powers) Rules 2014, Mr./Ms. ……………….. [Name of person], director/company secretary of the Company be and is hereby authorized to do the necessary entries in the Register of contracts or arrangements in which directors are interested and authenticate them

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now