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    Appointment of WTD/CEO would attract Related Party Transaction

    Posted By : Juhee Goyal / Published on : 03-Sep-2022 06:51 AM / View : 167 / Comment : 0

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    Dear Members!

    Mr. ‘X’ who is a promoter/director of a listed company is proposed to be appointed as WTD/CEO of the Company in terms of Sections 203, 196, 197, 198 and Schedule V of the Companies Act, 2013. Mr. X is also relative of other 2 promoter Directors of the Company. Would the appointment of Mr. X attract the provisions of Section 188(1)(f) i.e. whether holding position as WTD would tantamount to holding of office or place of profit.
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