Related party transaction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 November 2018 Dear Sir

Please give your opinion on the following subject matter -

our company want to enter into transaction with Limited Liability Partnership in which one of our director is partner in LLP, whether this transactio will be covered under section 188 of the Companies Act, 2013.

Please give your valuable suggestion

Guest

Guest (Expert)

27 December 2018 Yes. It will get covered under 188. Ensure that the transaction is at Arms' length.