Dear Sir,
If a person is providing professional service to a pvt company (e.g. ROC Compliance's) and now the company desires to appoint him as a director. Can Company do so? or it falls under related party transactions?
Thanks in advance.
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Appointment of director in a private company
Replies (3)
Yes co. can appoint him as director.
For related party transactions, those transaction which are at arms length price can executed.
Yes company can appoint him.
if you want process mail me at csdiveshgoyal @ gmail.com
i will mail u my article
A person providing professional service will not be a related party unless he falls in any of the clauses specified u/s 2(76).
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