Lease of property to company by director

Co Act 2013 420 views 1 replies

whether lease of property by Director to its Company is allowed or not. if it is allowed, is there any provision for the same, is it fall under sec 188??

Replies (1)

In my Openion

Yes it is allowed and it will be treated as Related Party Transaction.

Provisions of Sec. 188 need to be followed.


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