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Question ID : 44724

Related party identification

M/s PQR is an AOP ( Association of Persons) . Its members are M/s ABC Pvt ltd and M/s DEF (partnership firm ). So is M/s PQR and M/s ABC Pvt ltd related parties as per companies act .

Posted by samirkumar gokulbhai kasvala on Sep 04, 2024

Filed Under AUDIT

Answer ID : 85495

whether M/s PQR and M/s ABC Pvt Ltd are related parties depends on the specific facts, such as control, influence, or commonality of directors or managers. You may need to examine further details to determine if the criteria for related parties under Section 2(76) are met.

Posted by CA. SURAJ KUMAR CHOUDHARY on Sep 05, 2024