1 / 7

Related Party Transactions The Companies Act 2013

FICCI - ICSI Conference on the Companies Act 2013 A New Law for a New Era. Related Party Transactions The Companies Act 2013. B. Murli Senior Vice President - Legal & Company Secretary Nestlé India Limited 12 th September 2013. Broad definition of Related Party. New Definition.

clarke
Télécharger la présentation

Related Party Transactions The Companies Act 2013

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FICCI - ICSI Conference on the Companies Act 2013 A New Law for a New Era Related Party TransactionsThe Companies Act 2013 B. Murli Senior Vice President - Legal & Company Secretary Nestlé India Limited 12th September 2013

  2. Broad definition of Related Party • New Definition • The Companies Act 2013 • KMP & Relatives • Fellow Subsidiaries & Associate Companies • Draft Rules • Directors, KMP& Relatives : • Holding/Subsidiary/Associates • Senior Management : • Company/Holding/Subsidiary/Associates

  3. Approvals • Audit Committee • Approval/modification of transactions • Board of Directors • Ordinary course of business • Normal course of business not on Arm’s length basis • Arm’s length basis • Shareholders (Not interested) • Prior special resolution if paid-up share capital or transactions above threshold notified 4

  4. Preparedness • Proactive Approach • Best Practices for ‘proposed’ RPTs • Independent professional certification & support documentations • Knowledge Building

  5. Draft Rules • Materiality test for RPTs • Extent of Deemed Related Party • Your views

  6. Thank you

More Related