Rtp
This query is : Resolved
13 January 2016
is it mandatory to mention maximum per annum amounts of the transactions to be entered with related parties in the notice or resolutions or explanatory statements ???
thnx in advance
14 January 2016
Ms. Pratibha,
If you are falling u/s 188 and passing Ordinary Resolution for Related Party transaction, Then you should mention the amount of related party transaction in the those all documents.
(Rule 15 of Companies (Management and Administration ) Rules, 2014) a) Name of the related party ; b) Name of the director or key managerial personnel who is related, if any; c) Nature of relationship; d) Nature, material terms, monetary value and particulars of the contract or arrangement; e) Any other information relevant or important for the members to take a decision on the proposed resolution.
If you are falling u/s 188 and passing Ordinary Resolution for Related Party transaction, Then you should mention the amount of related party transaction in the those all documents.
(Rule 15 of Companies (Management and Administration ) Rules, 2014) a) Name of the related party ; b) Name of the director or key managerial personnel who is related, if any; c) Nature of relationship; d) Nature, material terms, monetary value and particulars of the contract or arrangement; e) Any other information relevant or important for the members to take a decision on the proposed resolution.
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
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- Short Term Gain Reporting ITR
- ITC BENEFIT ON BROKRAGE PAID
- Query regarding reporting of exempt foreign remuneration in ITR
- Taxation on Old jewellery sold
- TDS refund Indemnity Bond
- Gst reverse charge mechanism to be claimed in the month of payment
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
