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As 18

Accountancy

Example Common directorship?

Krishna kumar

CA Final

★ 9K+

29-Nov-20 17:56

289

Answers (3)

One person being director in two companies.

CA Suraj Lakhotia

Admin

29-Nov-20 17:58

Hence A CO. Not a related party of B Co. Or the director is not related party of the co?

Thread Starter

Krishna kumar

CA Final

★ 9K+

29-Nov-20 18:08

Thread Starter

Krishna kumar

Hence A CO. Not a related party of B Co. Or the director is not related party of the co?

two companies are not considered to be related simply because they have a director in common, (unless the director is able to affect the policies of both companies in their mutual dealings) Director is the related party of a company.

CA Suraj Lakhotia

Admin

30-Nov-20 08:47

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