Section 188
This query is : Resolved
Revati Sathe
(Querist)
12 December 2014
A company wants to give property on rent ( Leasing) to B company and this is related party transaction, whether special resolution is required to be passed in both companies or only to A Company
SHAKTI JINDAL
(Expert)
13 December 2014
Special resolution will have to be passed by both the companies but only if the companies have paid-up capital of more than the specified amount or the value of transaction exceeds the specified percentage.
Thanks and regards,
Shakti Jindal
Thanks and regards,
Shakti Jindal
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