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List of related party as -18???

Moyyad Zapawala (Chartered Accountant) (425 Points)

07 January 2013  

Hello Friends,

Can anybody explation list of Related Parties as per the definition of AS -18? and the conditions for the disclosures?

transaction with the other company where the chairman's Doughter's Hasband is the managing director ot  other company has some transaction with the company will come under the definition of Related party Transaction as per AS -18?


Pls let me know


Thanks in Advance

 6 Replies

Komal Thakur (CA Final) (925 Points)
Replied 07 January 2013

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

CA. Kapil Goel, DISA(ICAI) (cakapilgoel.wordpress.com)   (2186 Points)
Replied 07 January 2013


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).


Moyyad Zapawala (Chartered Accountant) (425 Points)
Replied 07 January 2013

Thank you Kapil sir,

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

CA. Kapil Goel, DISA(ICAI) (cakapilgoel.wordpress.com)   (2186 Points)
Replied 07 January 2013


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.

PRIYOJIT CHAKRABORTY (Working in B.M. Chatrath & Company)   (51 Points)
Replied 09 July 2014

under what circumstances related party disclosure is must

harsh chandak (4 Points)
Replied 27 April 2019

If A director of a company died on 29th Oct. Of financial year with whose father the company has transaction of rent of office premises. So do we need to report only the transaction upto the month of October or for whole year.??

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