In today's scenario, for a closely held Company, every third transaction can be captioned under related party if it’s not structured properly. Non-compliance can even lead to disqualification of Director in ALL companies in which he is a Director or penalty upto 5,00,000/-.
In our blog: https://www.bluelotusstrategy.com/indian-companies-act/demystifying-related-party-transactions/ we attempt to demystify the ground realities involved in any related party transaction. Kindly contribute your views.
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