• Filter Your Search
            
       
 
Notifications
(0)
Circulars
(0)
Orders
(0)
News
(0)
Queries
(0)
No updates found in last 7 days.
Notifications|Circulars|Orders|News|Queries


Q & A

 
2299 Views 4 Ans

Provisio to Section 188 (1) provides that no member of the Company shall vote on such special resolution , if such member is a related party. Where all members are interested in a resolution then how such contract or arrangement will be approved?

Section 188- Related party transactions.

Posted By: Vikas gupta 10 year(s) ago

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


    Johnson

If all members are interested. A resolution approved by all members will meet the requirement.

  • Comment
  •   Comment (0)

    Ashok

These type of Companies have to bring in two outsiders as shareholders giving one share each and pass special resolutions for all related party contracts in a General Meeting and file E Form No .MGT 14 and register such special resolutions. This is the only way these contracts could be regularized at least for the time being till the MCA comes out with some clarifications.

  • Comment
  •   Comment (0)

    Unnikrishnan N

If all the members are interested, the spl. resolution cannot be passed. You can induct unrelated members.

  • Comment
  •   Comment (0)

    Ramasubramanian

Pl have two outside shareholders giving one share each, hold the general meeting and pass the necessary resolution and solve the problem. This is the only way right now.

  • Comment
  •   Comment (0)

Recently Active Member

Recently Active Member

Pramod Prabhudesai
B D Jokhakar & Co

Post Your Question
My Q&A
 


Topic

Sections

About Q&A

Q & A is a unique platform to get your answers. You can create questions by topics or sections for easy identification of your query . You get various alerts to keep you connected and can also search your query.


So keep posting and stay connected
#
Companies Act 2013/1956
Decoding the New Act
Resource Center
My Section
Information Cafe
Calculators


COPYRIGHT NOTICE: All information and material posted in this website (including but not limited to text, audio, video or graphical images), are subject to copyrights owned by Corporate Professionals eSolutions Private Limited, its affiliates and associates. Any reproduction, retransmission, republication, or other use of all or part of this document is expressly prohibited, unless prior permission has been granted by Corporate Professionals eSolutions Private Limited. All other rights reserved.

© Corporate Professionals eSolutions Pvt Ltd. | All Rights reserved
Scroll