Entries by Vinod Kothari Consultants

Implication of definitional change in related parties- As per the Companies (Amendment) Act, 2017

By Smriti Wadehra (corplaw@vinodkothari.com) Introduction The Companies Act, 1956 (“Act, 1956”) did not define the word ‘related party’, however, in 12th September, 2013, MCA enforced the relevant provisions of the Companies Act, 2013 (“Act, 2013”) which defined the above term for the first time, and ever since then the definition has been changing to broaden […]