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Related party transacations

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(Querist)
02 April 2019 If all directors are interested in pvt. ltd. company. How we can pass Board resoltion for realted party transactions because interested directors will not participate in board meeting. Is their any exemption for pvt. ltd. company.?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
02 April 2019 Yes. Pl see notification GSR 464(E) dated 5-6-2015 - Section 188.
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Sukhveer Singh

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Sukhveer Singh (Querist)
13 April 2019 But this exemption only for holding subsidary. In any other case we need to approval of board resolution ?
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