Related party as per ind as 24


Abhinav Sharma   26 June 2019

Abhinav Sharma

 2 points

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Mr.X is KMP of C Ltd and having significant influence over A Ltd. A Ltd and C Ltd will be considered as related party or not?

avater

Sunil Suthar   26 June 2019

Sunil Suthar

 2 likes  41 points

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No.
keep simple logic with u to identify any related party, whether u have control or not... control as defined under as 21. I.e. more than 50 vp or shareholding alone or with relative.
as here no control is established on either side no related party


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