Related Party Transaction | Section 188 | Companies Act, 2013
The related-party transaction refers to a deal which made between 2 parties who are joined either by a pre-existing business relationship or by the common interest. Companies oft find business deals with parties with whom they are familiar or have a common interest. Though related-party transactions are legal themselves, they may frame conflicts of interest or lead to other illegal situations. Public companies need to disclose these transactions. Under the… Read More »Related Party Transaction | Section 188 | Companies Act, 2013