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Query relating to form 23ACA

1191 views 3 replies

CS Ekta

Company Secretary

309 Points Joined September 2008

I have a query regarding the related party transaction as per AS 18 to be given in form 23ACA.

I would like to know that whether only the listed companies and their subsidiaries has to give the amount of related party transactions or it has to be given by all the companies (in case there has been related party transactions during the financial year.)

Please help its urgent.

Thanks in advance

Replies (3)

Guest

439555 Points Joined August 2012

Yes, its required to be given, only from approvals of bod & gov. theres exememption , as far as my knowledge

CS Ekta

Company Secretary

309 Points Joined September 2008

This is not very clear

P C Agrawal

Registered independent director Past Ch

8229 Points Joined March 2007

Related party transactions have to be given by all companies (whether listed or not) to whom AS-18 is applicable. As per Companies (Accounting Standards) Rules 2006 AS-18 is mandatory for all companies, small or big, listed or unlisted. Thanks PC Agrawal