Section 188 - related party transaction

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CS GARIMA JAIN (Querist)
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20 August 2015 Is there any criteria mentioned in Co. Act, 2013 or Rules made therein , regarding applicability of Related Party Transactions for Companies?? specifically "paid up share capital of such amount" are required to comply and others not ??

Pratik Shah

Pratik Shah (Expert)
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21 August 2015 Yes..basically, considering criteria, some companies are required to take approval of Shareholders in General meeting.

Please refer Section 188 and Rule 15 of Companies (Meetings of Board and its
Powers) Rules, 2014.