Related party transaction

    Posted By : DIVYA SALUJA / Published on : 04-Jul-2018 10:06 AM / View : 41 / Comment : 1
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    A corporate group has several foreign subsidiaries. Will provisions in relation to related parties apply to foreign companies as well?
    Read more on : transaction party related

    • Yes, Related party under Sec 2(76) includes any body corporate whose board, managing director or manager is accustomed to act in accordance with the advice, directions or instructions of a director or manager, except if advice/ directions/ instructions are given in the professional capacity

      and body corporate under sec 2(11) include foreign company as well

      11-07-2018 / 10:57:25 AM
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