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Related party transactions - board resolution

Radhika (Company Secretary) (303 Points)

28 November 2014

In the list of Board Resolutions to be filed with RoC in MGT-14, Related Party Transactions is not there. However, it is appearing [section 188(1)] in the drop down list of resolutions in MGT-14.

Is it required to file Board Resolution pertaining to Related Party Transactions with RoC in MGT-14?

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3 Replies

Vandana J Doshi (Practising Company Secretary) (12562 Points)
Replied 28 November 2014

Hi, It is not reqd to file the BR for RPT...however, RPT beyond specified limits requires SR by the Members....so for that purpose it is mentioned in MGT 14.....

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CS Divesh Goyal (Practicing Compnay Secretary) (50535 Points)
Replied 28 November 2014

Mail me at csdiveshgoyal @ gmail.com i have prepared complete list of 50 resolution which rrquired.to be.file.in mgt14 And a complete article on related.party transaction

Swati Sharma (TRAINEE) (328 Points)
Replied 26 May 2015

Kindly provide format of Board Reso.(Pvt. Co.) for approval of RPT transaction relating to year 2014-15. Also can Board pass Omnibous approval for the year 2015-16.

Regards