Related Party Transaction

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1.1.2015: transaction between Company X & Company Y.

1.1.2016: I become Director in Company X. My brother is a director in Company Y.

Does this amount to a related party transaction?

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Directors 3 years 2 Answer 4075 views 0

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  1. Shruti
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    February 16, 2017 at 6:11 am
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    No, the companies cannot be said related parties for the purpose of Companies Act, 2013 under section 188.

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