CA. Manoj Joshi (CA, CS and CMA) (134 Points)
09 June 2011Whether remuneration paid to non-executive director is to be taken as related party transaction...plz reply after considering AS-18 and GN on this topic...
Rajnikant Vadigoppula
(CA, CS And CMA Final)
(919 Points)
Replied 15 June 2011
No, IND AS - 18 is not applicable.
remember to pay remunaration to non-executive director prior approval is required from members in GM and CG
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