If company A's Director and Company B's Director are related parties, does transaction between company A and company B attracts AS-18??
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As-18 related party relationship
Replies (2)
If Company A's Director is in relation with B (Definition of Relative as per AS 18) who is the director of Company B, then both cos are Related Party as per clause e of para 3 of AS 18
If the Directors are able to affect the policies of both the companies in their mutual dealing then only both the companies would be related parties.[as per para 3(e) read with para 4(a) of AS-18].
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