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Related party transactions - board resolution

Resolutions 4219 views 3 replies

Radhika

Company Secretary

303 Points Joined April 2012

In the list of Board Resolutions to be filed with RoC in MGT-14, Related Party Transactions is not there. However, it is appearing [section 188(1)] in the drop down list of resolutions in MGT-14.

Is it required to file Board Resolution pertaining to Related Party Transactions with RoC in MGT-14?

Replies (3)

Vandana J Doshi

Practising Company Secretary

12562 Points Joined May 2011

Hi, It is not reqd to file the BR for RPT...however, RPT beyond specified limits requires SR by the Members....so for that purpose it is mentioned in MGT 14.....

CS Divesh Goyal

Practicing Compnay Secretary

52055 Points Joined May 2013

Mail me at csdiveshgoyal @ gmail.com i have prepared complete list of 50 resolution which rrquired.to be.file.in mgt14 And a complete article on related.party transaction

Swati Sharma

TRAINEE

328 Points Joined March 2012

Kindly provide format of Board Reso.(Pvt. Co.) for approval of RPT transaction relating to year 2014-15. Also can Board pass Omnibous approval for the year 2015-16.

Regards