Agreement with related party by company
This query is : Open
11 August 2017
Dear Expert,
Please guide me whether the pvt. ltd. company can enter into the contract/agreement with related party for leasing/renting of shops for the purpose of company office for the consideration other than cash.
Please guide me whether the pvt. ltd. company can enter into the contract/agreement with related party for leasing/renting of shops for the purpose of company office for the consideration other than cash.
11 August 2017
Yes can enter but it depends on the amount of transaction!
That is whether you need to pass ordinary resolution or special resolution or take the approval from central government it depends upon the amount of transactions which you are taking up.
12 August 2017
Thank you Ms. Richa.
Can you please tell me what is the ceiling limit for amount of transaction under which we can pass the ordinary or special resolution and after what we need to take the approval of central government ?
Under which section it is mention ?
Can you please tell me what is the ceiling limit for amount of transaction under which we can pass the ordinary or special resolution and after what we need to take the approval of central government ?
Under which section it is mention ?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
