https://www.taxtmi.com/caselaws?id=336781 The Tribunal found the Applicant Company in violation of Section 297 of the Companies Act, 1956 due to related party transactions without necessary approvals. The Tribunal stressed the importance of obtaining prior approvals for such transactions to protect stakeholders' interests and ensure transparency. The Applicants were directed to seek approvals for all transactions from 2009-2014 and follow the legal process. Compliance with Section 297 was emphasized, and the Company Application was disposed of accordingly. en-us Mon, 19 Sep 2016 00:00:00 +0530 Thu, 29 Dec 2016 07:10:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336781 The Tribunal found the Applicant Company in violation of Section 297 of the Companies Act, 1956 due to related party transactions without necessary approvals. The Tribunal stressed the importance of obtaining prior approvals for such transactions to protect stakeholders' interests and ensure transparency. The Applicants were directed to seek approvals for all transactions from 2009-2014 and follow the legal process. Compliance with Section 297 was emphasized, and the Company Application was disposed of accordingly. Case-Laws Companies Law Mon, 19 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336781