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Q & A

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A newly incorporated private company has entered a rpt. How to calculate the threshold limit for shareholders approval under section 188 read with rules in absence of audited figures and also can the same be ratified by the Board as mentioned in section 188(3) within three months of contract?

Section 188- Related party transactions.

Posted By: Vibha 8 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    Bunny Sehgal

if the transaction is at arm's length price then no need to take any further approval, the company just need to take it noted and entered in the proceedings

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