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?
1 Replies
Sunil Suthar
(41 Points)
Replied 26 June 2019
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
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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