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Related party transaction

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(Querist)
01 January 2016 In private company where 2 directors only are husband and wife, how special resolution required relating to RPT can be passed thnx
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Pratik Shah

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Pratik Shah (Expert)
02 January 2016 On and from 05th June, 2015, Second proviso of sub-section 1 of Section 188 is not applicable to Private Limited Company. Hence, if Company wants to pass Special resolution now, it can do so.

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