https://www.taxtmi.com/article/detailed?id=5649 Related party encompasses directors and relatives, key managerial personnel and connected firms or companies, and any corporate body whose board or management acts according to another's directions. Establishing relatedness requires proof of control or significant influence: control means the power to appoint a majority of directors or to direct management or policy decisions, while significant influence may be shown by board representation, policy participation, managerial interchange, or technical dependence. Entities with controlling shareholding or appointment power, or demonstrable significant influence, qualify as related parties for company law disclosure and regulatory treatment. en-us Mon, 02 Jun 2014 10:15:45 +0530 Mon, 02 Jun 2014 10:15:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5649 Related party encompasses directors and relatives, key managerial personnel and connected firms or companies, and any corporate body whose board or management acts according to another's directions. Establishing relatedness requires proof of control or significant influence: control means the power to appoint a majority of directors or to direct management or policy decisions, while significant influence may be shown by board representation, policy participation, managerial interchange, or technical dependence. Entities with controlling shareholding or appointment power, or demonstrable significant influence, qualify as related parties for company law disclosure and regulatory treatment. Articles Corporate Laws / IBC / SEBI Mon, 02 Jun 2014 10:15:45 +0530 https://www.taxtmi.com/article/detailed?id=5649