03 October 2012
do we have to show related party dis closers (transactions) in revised sch. - 6... if yes then who are relatives for company.. can KMP be more than 1...
03 October 2012
Related Parties: means parties are considered to be related if at any time during the reporting period one party has the ability to control the other party or exercise significant influence over the other party in making financial and/or operating decisions.
There can be more than one Key management personnel (KMP) in the company and disclosure of transactions with KMP is also requited as per AS-18.
CAclubindia
