Land belongs to one of the Director in Pvt Ltd Co,
Can the Pvt Ltd Co enter into Lease Agreement with Director,
dose it become Related party transaction,
if there are only 2 directors and they are the only share holders or members how the board resolution should be passed,
is there any minimum period for which the lease agreement should be for.
kindly draft the Board resolution for this affairs.
in case of pvt company, when there are only 2 directors and 1 is interested then his presence will be counted for the purpose of quorum and voting.
Yes, this is the related party transaction
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