whether lease of property by Director to its Company is allowed or not. if it is allowed, is there any provision for the same, is it fall under sec 188??
1 Replies
RoHaN k
(CA & CS)
(308 Points)
Replied 31 July 2014
In my Openion
Yes it is allowed and it will be treated as Related Party Transaction.
Provisions of Sec. 188 need to be followed.
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