Related Party Transactions: Different Takes by the Companies Act, 2013 and the Indian Accounting Standards
IP and Legal Filings
AUGUST 7, 2023
The Companies Act, 2013 contains provisions specifically tailored to this practice of family members or relatives directly or indirectly the businesses in India. Image Sources : Shutterstock] Who is a “related party”- what does the Companies Act, 2013 say In simple terms, a “related party” is any party which is related to the company.
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