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Whether comes under related party?

dinesh vodela (11 Points)

15 February 2020

If iam a director of a 'x' company and Iam a sole proprietor of 'Y enterprises

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10 Replies

Spurto Consultancy Services (Consultant) (1891 Points)
Replied 15 February 2020

Yes, X & Y are related parties under Companies Act 2013.

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Kapadia Pravin (17254 Points)
Replied 16 February 2020

Director and proprietor both are one and the same person. and hence both X & Y are related party.

satish (teaching) (2046 Points)
Replied 16 February 2020

No guys. it's wrong.
if you are the key management person then you are the related party as per Accounting Standard 18.

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 17 February 2020

Originally posted by : satish
	No guys. it's wrong. if you are the key management person then you are the related party as per Accounting Standard 18.

Yes... I agreed to Mr Satish...

Kapadia Pravin (17254 Points)
Replied 17 February 2020

Director is deemed to be one of key management person. He is not a puppet.

Director dealing with himself (his proprietory concern) is on what grounds not a non-related party !!
------
Forum has like button which is quick and convenient. One should make use of it. For a newcomer unaware of , it's okay.

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RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 17 February 2020

Ohh God... Nee Innum Thirunthalayaa...

Spurto Consultancy Services (Consultant) (1891 Points)
Replied 17 February 2020

Dear Experts,

My reply was in relation with the Companies Act, 2013. Whether that was incorrect?

Kapadia Pravin (17254 Points)
Replied 17 February 2020

😇😇
Ohh God... Nee Innum Thirunthalayaa...

----- Nee....
Which woman's name post marriage has been referred to show family name pre-marriage ?

Is it relevant to Forum query ? Not at all. Request any South member to elaborate this.

1 Like

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 17 February 2020

No dear...
Don't be take wrong meaning... Also I'm not that related activities...

The above meaning is
"Haven't you yet changed"
that's all...

Kapadia Pravin (17254 Points)
Replied 17 February 2020

"Forum has like button which is quick and convenient. One should make use of it. For a newcomer unaware of , it's okay. ""

What's wrong in it ???

Very funny. What fun you get out such frequent posting at large ? You like the post , use of like button like everybody.

Look at the scene if others follow your step then there will be 100+ post. But it's not so. Why ? Think. Not mandatory.

Me not bothered for change in anybody.