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Will Transaction between a Private Ltd Company and a Public Limited company where one person is a director in both the company be a Related Party transaction. And if the above mentioned Private Ltd company does a transaction with the subsidiary of the above mentioned Public Limited Company will it amount to a Related Party Transaction. Kindly clarify.

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Posted By: Divakaran suresh 8 year(s) ago

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PRAVIN SATARDEKAR

For Public Co, the transaction will be RPT Sec 2(76)(iv). For Private Co, if the Director is also holding along with his relatives more than 2% of the paid up capital of the Public Co, it will attract RPT.

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