List of related party as -18???

No chairman's Daughter's husband Is not a related parrty As Per AS 18..

The following are the related parties as per AS-18

1.  Holding companies, subsidiaries and fellow subsidiaries

2.  Associates and joint ventures

3.  Individuals (incl. their relatives) – having voting power giving them control or significant influence

4.  Key management personnel including their relatives

5.  Enterprises where controlling individual or key managerial personnel has significant influence.

And, no chairman's daughter's husband is not a related party as per AS 18 (Related Party disclosures).

Thank you Kapil sir,

  Defined the terms Relative's ? who will be included and excluded in the definition of related party.

Relative  –  in  relation to an individual, means the spouse,  son, daughter, brother, sister, father and mother who may be expected to influence, or be influenced by, that individual in his/her dealings

with the reporting enterprise.

under what circumstances related party disclosure is must