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This has reference to General Circular No. 30/2014 relating to section 188 (Related Party Transactions). A and B are shareholders in a Company. A is the holding company of B (i.e. B is the subsidiary of A). For the resolution at the general meeting held to approve a related party transaction between the Company and B, can A vote for the resolution

Section 188- Related party transactions.

Posted By: Arun kumar 10 year(s) ago

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


Expert    Ankit Singhi

I think transaction with B can't be treated as related party since B is only a shareholders. So A can vote on this resolution

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