03 March 2018
Immovable Flat purchased from director on credit by Limited (non listed company). Under section 188 for Related Party transaction Ordinary resolution (as per amendment u/s 188) has been passed in EGM. Now is the company required to file MGT 14. As per section 117 only Special resolution is required to file. Further I believe that this transaction does not fall under any other sub section of section 117. Please Reply its urgent.
CAclubindia
