Clarifications on matters relating to Related Party Transactions.

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..... egistrars of Companies, All Stakeholders. Subject: Clarifications on matters relating to Related Party Transactions. Sir, Government has received representations from stakeholders seeking certain clarifications on related party transactions covered under section 188 of the Companies Act, 2013 . These representations have been examined and the following clarifications are given:- .....

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..... It is clarified that transactions arising out of Compromises, Arrangements and Amalgamations dealt with under specific provisions of the Companies Act, 1956 / Companies Act, 2013 , will not attract the requirements of section 188 of the Companies Act, 2013 . 3. Requirement of fresh approvals for past contracts under Section 188 :- Contracts entered into by companies, after making .....

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