Rtp
This query is : Resolved
pratibha Sartanpara
(Querist)
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
CS Divesh Goyal
(Expert)
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
