Does the transactions of the company with Nominee Directors require disclosure under AS-18 as a related party disclosure?
2 Replies
CA Ayush Agarwal
(Kolkata-Pune-Mumbai)
(27199 Points)
Replied 01 April 2010
Yes, Offcourse..........
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 19 May 2010
Yes, as because nominee directors fall in the purview of the definition of related party.
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