Question

ABC Ltd. enters into a contract with a director’s

Q: Answer-ABC Ltd. enters into a contract with a director’s relative for supply of raw material worth Rs. 1.2...

Related Party Transactions beyond certain thresholds 10 of turnover or Rs. 1 crore require shareholder approval via special resolution.

relative for supply of raw material worth Rs. 1.2 crore. Paid-up share capital is Rs. 5 crore. As per Companies Act 2013, what compliance is required?

A No compliance, transaction is valid.

B Must be approved by shareholders through special resolution.

C Board approval is sufficient.

D Must be reported only in financial statements.

E Must be approved by independent directors only.

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ABC Ltd. enters into a contract with a director’s

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