Thursday, November 13, 2014

Meaning of Related Party Under Company Act 2013

Due Diligence Financial Services is duly managed by Indian professional who is professionally involve in Company registration in Noida and also provides services of Company Registration in Delhi. We are one of the best professional as Company Registration Consultant in Delhi and Company Registration consultant in Noida.
  1. Section 2 sub section 76 has defined the meaning of related party for the purpose of disclosure of related party transaction wherever required. In reference to Company related party means.
  2. Director of the company and his related.
  3. Key person of the company i.e. managerial personnel of the company and his relative.
  4. Meaning of related party extended and includes a firm in which director of the company or manager and their relative is a partner.
  5. A private company in which director or manager and their relative is a member or director of the company comes within the meaning of related party.
  6. Any public limited company in which director or manager and their relative, who possess shareholding more than 10% of paid of share capital of the company.
  7. BOD or Managing Director or Manager of any body-corporate who are accustomed to act in the accordance with instruction or direction or advice of a manager or director.
  8. If the Director or manager of the company accustomed to act on the director or advice or instruction but this condition do not apply if the director or instruction is being given in a professional capacity.
  9. A company which is
(a)  An associates company or holding or subsidiary of such company
(b)  A subsidiary of their holding company
(c)   Other person as may be prescribed from time to time.

1 comment: