Description
Lexis Nexis A Commentary On Related Party Transactions Under The Companies Act 2013 by Dr K S Ravichandran
Commentary on the provisions of the Companies Act of 2013 relating to Related Party Transactions (transactions between persons in positions of responsibilities in Companies and their relatives in the same company or other companies). Following provisions affecting Related Party Transactions under Companies Act 2013 and related laws are discussed:
a) Statutory Duties of Directors
b) Regulatory Compliances
c) Legal and Penal Consequences of appointing relatives to the office or place of profit
d) Managerial Remuneration
e) Provisions under the Income tax Act, 1961 affecting domestic transactions involving related party transactions
f) Related Party Transactions in One Person Company
g) Accounting of Related Party Transactions under AS – 18