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    Related Party Transactions – Section 188

    Section 188 of the Companies Act, 2013 [No.18 of 2013], notified to be effective from 01.04.2014, integrates the provisions of Sections 294, 294A, 294AA, 297 and 314 of the Companies Act, 1956 [No.1 of 1956].

    The provisions of Section 188 are applicable to all Companies, including OPC/Small Companies.

    To understand the concept of “RELATED PARTY TRANSACTION”, we need to understand as to who are the said related party (ies).


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