Will the following person is considered as a Related Party in a Private Company:
1. Private Trust who is a shareholder of the Pvt Company
2. Public Trust who is a shareholder of the Pvt Company
Whether an entity who is not a party to the Arbitration Agreement refer the dispute for Arbitration ?
An employee who is also a relative of a director is proposed to be paid a
hefty bonus by the company. Examine whether such payment of bonus will be treated as a related party transaction?
Will easement rights granted to a director’s relative be deemed as related
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.
What did you mean from the word ‘ordinary course of business’ under section 188 of Companies Act 2013?Click here to view / answer Share it on
Whether unsecured loans to directors are covered under related party transactions as per section 188 ?
Regulation 23 (4) provides that all material related party transactions shall require approval of the shareholders through resolution and no related party shall vote to approve such resolutions whether the entity is a related party to the particular transaction or not. In this regard, whether only those related parties who are related to the concerned transaction/ contract should not vote to approve or whether related parties should altogether not vote to approve such transaction?Click here to view / answer Share it on
As per the Sale of Goods Act, 1930, the definition of ‘goods’ includes
‘shares’. Whether selling of shares to related party will fall under the
purview of section 188 ?
Whether it is necessary to pass Board Resolution if a transaction is
transacted at arm’s length basis with a related party?
Is there any specific format as per Schedule III of the Companies Act 2013 for disclosure of related party transactions in financial statements?
Dear Learned Members,
ABC Pvt Ltd have Husband and wife two directors, now his son (doing graduation) who is major shareholders (95%) in the company developing some products in the company. Now the company decided to give him a salary of Rs. 25,000/- per month. Whether this transaction will fall under related party transaction?
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