Sec 188 of company act.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 May 2016
Dear Experts,
Weather A private com. Can made the
sale & purchase more than its paid up capital,
Also let me know will sec 188 be applicable
on private company also if yes pls explain
According to this said sec what the condition
Is pertain to transaction for pvt. Ltd,
Thanx & Regard
Mohit bansal
Weather A private com. Can made the
sale & purchase more than its paid up capital,
Also let me know will sec 188 be applicable
on private company also if yes pls explain
According to this said sec what the condition
Is pertain to transaction for pvt. Ltd,
Thanx & Regard
Mohit bansal
CS Ankur Srivastava
(Expert)
10 May 2016
Yes,
Section 188 will come in picture only when the sale or purchase will be made with the related parties. In that case required approval from board / shareholders will need to be taken in advance.
Section 188 will come in picture only when the sale or purchase will be made with the related parties. In that case required approval from board / shareholders will need to be taken in advance.
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
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- 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
- 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
- Goods sold but invoice not issued
- 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
