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??
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??
In my Openion
Yes it is allowed and it will be treated as Related Party Transaction.
Provisions of Sec. 188 need to be followed.
CAclubindia
