My company name is Radhee (P)Ltd. Ankit is a share holder in Radhee (P)Ltd and he is a director for Rahul(P)Ltd. now i would like to knoe whether Radhee(P)Ltd and Rahul(P)Ltd are related parties or not?
Regards
Radhee
Menu
AS 18
Replies (4)
As per AS 18, Key manegerial personnel(Executive Director) is a Related party. Now comes the point of shareholding, from percentage holding 2 figures are there 20%(associate) and 50%(Subsidiary) then only related party comes into picture.
A person, if he is a director a Co. and shareholder in another co. it does not means that both the company will be related. Unless there is a relation ship between two companies they cantbe related party.
| Originally posted by : Arvind | ||
 |
i want to know the % of shareholding of ankit. if ankit is a holder of 20% or more shareholding or exercise significant influence on rahul ltd. then there is a related party relationship between ankit and rahul ltd. according to para 3(c) of AS-18 and also the relationship between rahul and radhee ltd. under para 3 (e). |
 |
agree with arvind
Radhee(P)Ltd and Rahul(P)Ltd are not related parties If Ankit is merely Shareholder of Radhee (P) Ltd.
And
If Ankit is a Significant Shareholder in Radhee (P)Ltd than both the companies are related parties.
Recent Topics :
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
- Capital gains on sale of flat from wife to husband
- TDS filing for the 1st quarter of TY 2026-27
Related Topics :
CAclubindia
