Share with your friends

First Notes - 19 August 2014

First Notes - 19 August 2014

The MCA amends shareholder approval norms for related party transactions


Also on

The Companies Act, 2013, though largely operationalised with effect from 1 April 2014, has thrown up various implementation challenges for corporate India, and one of them relates to provisions concerning ‘related party transactions’. The Ministry of Corporate Affairs, vide notification dated 14 August 2014, has amended the Companies (Meetings of Board and its Powers) Rules, 2014 (Rules).

The amended Rules will be effective from the date of its publication in the Official Gazette.

© 2020 KPMG Assurance and Consulting Services LLP, an Indian Limited Liability Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

KPMG (Registered) (a partnership firm with Registration No. BA- 62445) converted into KPMG Assurance and Consulting Services LLP (a Limited Liability partnership firm) with LLP Registration No. AAT-0367 with effect from July 23, 2020.

Connect with us


Want to do business with KPMG?


loading image Request for proposal