Rpt
This query is : Resolved
ARUN KUMAR MAITRA
(Querist)
29 July 2015
If a related party transaction attracting section 188 is neither in the ordinary course of business nor at arm,s length basis,can it be approved by the board?
Pratik Shah
(Expert)
30 July 2015
If the transaction amount is exceeding the limit specified in the Rules, then you will have to take approval of Members in General meeting before entering into such transactions.
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