Is it the responsibility of the audit committee to ensure that transactions with unrelated parties do not have the purpose and effect of benefiting related parties”
Whether the provisions pertaining to "related parties" are applicable based on a financial year?
Dear all Please advise on the following : In a private joint venture company, there are 2 shareholders, say A & B, holding 76% & 24% respectively. Company A will be termed as Holding company as per shareholding. My question is what company B would be called as from the joint venture company point if view, in case parties are related parties. Curtsy : Ankur JainClick here to view / answer Share it on
Please Explain the Related Parties under Accounting Standard 18, Companies Act, 2013; and Income Tax Act, 1961Click here to view / answer Share it on
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