Challenging Case Studies.
Research Document Studies.
The Ministry of Corporate Affairs (MCA) has vide
Notification dated 18th November, 2019 amended the Companies
(Meetings of Board and its Powers) Rules, 2014 to modify the threshold limits
for related party transactions under section 188, which if crossed, will
trigger prior approval of members of company.
So, to summarize, in the above clauses, instead of
keeping two or more threshold limits and making it subjective to a certain
amount, MCA has now tried to simplify these threshold limits. This amendment is
effective immediately from the date of notification of this amendment, i.e.,
from 18th November 2019.
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