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Q & A
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Private Company having turnover about Rs. 50.00 cr. and net worth Rs. 10.00 cr. and want to given disclosure the following related party transaction in the Directors' Report;
i. remuneration to WTD about Rs. 3.00 lacs p.m.
ii. renueration to relative of WTD about 1.00 lac p.m.
iii. lease rent about Rs. 50000/- p.m. to director.
iv. goods purchased amounting to Rs. 80.00 lac from the Pvt. Co. in which directors are interested.
Will these transaction be disclosed under (i) at arm length category OR (ii) not at arm length category.
Disclosures
Posted By: Sanjay sharma 10 year(s) ago
This question has been closed if you want to answer,you have to re-open.
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