https://www.taxtmi.com/circulars?id=10627 Contracts between a company and a dealer on a principal to principal basis are outside the interested director restriction unless the dealer sells or supplies goods as an agent of the private company or firm manufacturing those goods. The monetary threshold applies to the aggregate of purchase or supply transactions over a calendar year between the company and a connected counterparty, defined to include a director or relative, a firm with such a partner, other partners of that firm, or a private company of which the director is a member or director. en-us Thu, 02 Aug 1956 00:00:00 +0530 Tue, 21 Jun 2011 13:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10627 Contracts between a company and a dealer on a principal to principal basis are outside the interested director restriction unless the dealer sells or supplies goods as an agent of the private company or firm manufacturing those goods. The monetary threshold applies to the aggregate of purchase or supply transactions over a calendar year between the company and a connected counterparty, defined to include a director or relative, a firm with such a partner, other partners of that firm, or a private company of which the director is a member or director. Circulars Companies Law Thu, 02 Aug 1956 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10627