Hello All,
There are 3 companies. A Ltd, B Ltd, and C Ltd.
B Ltd and C Ltd are subsidiaries of A Ltd.
If an employee of B Ltd buys shares of A Ltd or C Ltd, will this amount to a related party transaction?
Radhika Sharma (Student CS) (30 Points)
19 September 2022Hello All,
There are 3 companies. A Ltd, B Ltd, and C Ltd.
B Ltd and C Ltd are subsidiaries of A Ltd.
If an employee of B Ltd buys shares of A Ltd or C Ltd, will this amount to a related party transaction?
Yasaswi Gomes new
(Finance )
(4503 Points)
Replied 19 September 2022
Employees are creditors and not related party
As per AS-18 a relative broadly includes-
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