https://www.taxtmi.com/news?id=13266 The circular confines related party for the second proviso to section 188(1) to parties related in the context of the specific contract or arrangement for which a special resolution is passed. It further provides that contracts previously approved under the earlier statutory regime will not require fresh approval until their original term expires, and that transactions arising from statutory compromise, arrangements or amalgamations do not attract the section 188 provisions. en-us Fri, 08 Aug 2014 16:49:41 +0530 Fri, 08 Aug 2014 16:49:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13266 The circular confines related party for the second proviso to section 188(1) to parties related in the context of the specific contract or arrangement for which a special resolution is passed. It further provides that contracts previously approved under the earlier statutory regime will not require fresh approval until their original term expires, and that transactions arising from statutory compromise, arrangements or amalgamations do not attract the section 188 provisions. News - Fri, 08 Aug 2014 16:49:41 +0530 https://www.taxtmi.com/news?id=13266