If a transaction is occurred not at arm's length basis, is it mandatory to disclose the same in AOC-2 even when no amount paid in advance involved ?
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length
basis
arms
which
transactions
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Dear Members!
Will easement rights granted to a director’s relative be deemed as related
party transaction?
transactions
party
related
Dear members,
Whether unsecured loans to directors are covered under related party transactions as per section 188 ?
transactions
party
related
Dear Members,
I am a party to a transaction/combination, do I need to report every such transaction to the Competition Commission of India or there are any exemptions to it?
transactions
reporting
Hi members!
Whether it is necessary to pass Board Resolution if a transaction is
transacted at arm’s length basis with a related party?
transactions
party
related
As per Section 114(1) of Companies Act 2013 : “A resolution shall be an ordinary resolution if the notice required under this Act has been duly given and it is required to be passed by the votes cast, whether on a show of hands, or electronically or on a poll, as the case may be, in favor of the resolution, including the casting vote, if any, of the Chairman, by members who, being entitled so to do, vote in person, or where proxies are allowed, by proxy or by postal ballot, exceed the votes, if any, cast against the resolution by members, so entitled and voting. “
In simple words, an ordinary resolution is a resolution passed by the shareholders of a company by a simple majority of more than 50% of the votes.
An ordinary resolution is the most common method by which a corporate entity conducts its business or the Board of directors seeks shareholder approval of its actions.
Required list of actions for which ordinary resolution is required to be adopted ?
Dear All
Is there any specific format as per Schedule III of the Companies Act 2013 for disclosure of related party transactions in financial statements?
transactions
party
related
What is the scope of Prohibition of Benami Property Transactions Act, 1988?
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property
benami
prohibition
Dear All,
In XYZ Private limited and PQR Private limited having common directors and XYZ provide job work to PQR in March 2019.
This transaction covered under section 188 and related party transaction as directors having substantial interest in both companies.
Does both company should approved the RPT transaction by passing board resolution in march 2019
disclosure
transactions
party
related
Dear Experts,
Kindly resolve the query. Private company is partner in 2 partnership firms. It has transactions such as advance receivables and payable. Any disclosures to be made in the directors report?
transactions
party
related
Dear Members,
A company in which 80% or more members in number are relatives of promoters or are related parties, are they eligible to vote being a related party?
transactions
party
related
Will there be a Central and State GST levied on all transactions in India?
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levied
state
central
