transactions party related
Dear Juhee,
Fourth Proviso of Section 188(1) of the Companies Act, 2013 states that nothing in this sub-section shall apply to any transactions entered into by the company in its ordinary course of business other than transactions which are not on an arm’s length basis
Thus it may be concluded that passing Board Resolution is not necessary in case transaction is transacted at arm’s length basis with a related party
Hello Everyone!
Whether the concept of Alternate Director also applicable in case of Foreign Director as he is already residing outside India ?
director alternate concept applicability
Hi Folks!
In case of appointment of Alternate Director, whether the Master Data of the Company reflects the Original Director too ?
director alternate appointment
Hi Everyone!
In what circumstances, special notice is required for the appointment of person other than the retiring auditor ?
Hi Everyone!
What is the offer period of private placement offer cum application letter in case shares are issued on private placement basis ?
Hi Everyone!
Is it possible to file the Unaudited Financial Statements of a Company, if yes, whether there is any option to file the Audited Financial Statements after filing of Unaudited Financials ?
company statements financials unaudited filing
Hi Everyone!
If an individual does not hold majority stake in the member company of the reporting company, whether filing of BEN-2 is applicable or not?
company reporting respect applicability
Hi Everyone!
Are there any restrictions or limitations on the number of foreign directors in an Indian Company ?
directors foreign number limitations
Hi Folks!
Whether, any assets or liabilities for Indian party (i.e. domestic assets and liabilities) are to be included in the FLA return?
return included liabilities assets 
Dear Juhee,
Yes, it is necessary to pass Board Resolution even if the transaction made by company on arm length basis with related party.
Hope it helps you
Thank You.