Section 188- related party


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Querist : Anonymous

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Querist : Anonymous (Querist)
26 August 2014 An Individual who is a Chartered Accountant by profession is appointed as a consultant to advise the company(Pvt Ltd) on financial matters. He is the relative of the Director of the said Company. Are provisions of Section 188 of the Act applicable?

27 August 2014 ya its service.under section 188

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 August 2014 Thank You Sir.
So in that case, he has to be appointed by the Board according to Sec 188 and procedures laid there under?




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