banner_ad

Section 188 of the companies act, 2013

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 October 2016 As per the Companies (Amendment) Act, 2015, w.e.f .25/05/2015 proviso to Section 188 of the Companies Act, 2013 was amended as
Provided that no contract or arrangement , ------------------- shall be entered into except with the prior approval of the company by resolution ( word Special was omitted), but Rule 15 (3) of the Companies (Meetings of Board and its powers) Rules, 2014 was amended w.e.f 14/12/2015,

Now for entering into related party transaction regarding rent agreement on 30/06/2015, wthethter to pass Special Resolution or Ordinary Resolution

Thanks in Advance
Profile Image

Pratik Shah

Profile Image

Pratik Shah (Expert)
20 October 2016 That was good observation.
As per my opinion, the rules are always secondary to the provisions of the Act. If the Sections are in contradiction with its corresponding rules, the sections will always prevail. I guess, you can ordinary resolution in your case.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details