Related Party Transaction
ReportQuestion
Please briefly explain why you feel this question should be reported .
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?
in progress
0
Directors
4 years
2 Answer
5250 views
0
Answers ( 2 )
Please briefly explain why you feel this answer should be reported .
No, the companies cannot be said related parties for the purpose of Companies Act, 2013 under section 188.
Please briefly explain why you feel this answer should be reported .
i do understand that. But can you back it up with a case law?