Please provide resolution U/s 188 of Companies Act, i.e. Related Party Transactions, Board resolution for Related Party Transactions under Arm Length Basis.
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Resolution u/s 188 of companies act, 2013
Replies (3)
To consider and if thought fit, to pass with or without modification, the following as a Special Resolution:
“RESOLVED THAT pursuant to the provisions of Section 188 and other applicable provisions of the Companies Act, 2013, if any consent of the Company be and is hereby accorded for entering into related party transactions by the Company with effect from 1st April, 2014 upto the maximum per annum amounts as appended below:
(Rs. In Crores)
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MAXIMUM VALUE OF CONTRACT/ TRANSACTION (PER ANNUM) WEF 1ST APRIL 2014 |
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Transactions defined u/s 188(1) of Companies Act, 2013 |
Others |
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Sales, purchase or supply of any goods, materials |
Selling or otherwise disposing of, or buying, property of any kind |
Leasing of property of any kind |
Availing or rendering of any services, Appointment of any agent for purchase or sale of goods, materials, services or property |
Donation (for CSR- Corporate Social Responsibility initiatives of the Company) |
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Name of Related Parties:- |
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COMPANIES: |
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On actual basis. Exempted being in Ordinary course of Business and on arm’s length basis. |
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TRUST/ FIRM/ SOCIETY/ LLP |
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| SUBSIDIARIES/ JOINT VENTURE | |||||
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DIRECTORS /KMPs / RELATIVES OF DIRECTORS AND KMPs / OTHERS FIRMS AND COMPANIES in which directors have some interest as per the provisions of section 2(76) of the Companies Act, 2013 |
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Resolved further that to give effect to this resolution the Board of Directors and / or any committee thereof be and is hereby authorised to settle any question, difficulty, or doubt that may arise with regard to giving effect to the above Resolution and to do all acts, deeds, things as may be necessary, proper desirable and to finalise any documents and writings related thereto.”
please provide board resolution under section 188(1)(f) of companies act 2013 regarding place of profit.
thanks in advance
regards
CS Sonam
Please provide the BR if you have.
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