09 May 2016
Dear Experts, Weather A private com. Can made the sale & purchase more than its paid up capital,
Also let me know will sec 188 be applicable on private company also if yes pls explain According to this said sec what the condition Is pertain to transaction for pvt. Ltd,
10 May 2016
Yes, Section 188 will come in picture only when the sale or purchase will be made with the related parties. In that case required approval from board / shareholders will need to be taken in advance.
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