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”
What are the cases in which a prospectus is not required to be issued?Click here to view / answer Share it on
Whether the provisions pertaining to "related parties" are applicable based on a financial year?
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
Every year at the time of filing of Income Tax Return, I have been asked this question by many people regarding taxability of Futures and Options, hence today I am covering this in article to enlighten you about this topic. Article explains How to file income tax return in case of profit/loss from F&O trading, Applicability of Audit in case of loss from F&O Trading, Treatment of profit/loss from F&O Trading in the income Tax Return, Applicability of Tax Audit in case of derivative (F&O) Trading, Calculation of turnover in case of F&O Trading, Treatment for Expenses against F&O Income, Maintenance of Books of Accounts in case of F&O Trading, Provisions relating to filing of Income Tax Return for F&O trading income and Carry forward & and set off of Loss from F&O transactions.
plz give some insight ?
If a company having net worth of rs 600cr
Net profit of rs 70 cr
In the year 2017.
Is this company need to comply the provision of csr???
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
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