Section 188(1) Exemption: Voting Restrictions Lifted for Companies with 90% Members as Relatives of Promoters. https://www.taxtmi.com/highlights?id=37496 Related party transactions - restriction on vote - second proviso to section 188 (1) shall not apply to a company in which ninety per cent. or more members in numbers are relatives of promoters or related parties. - Section 188(1) of the Companies Act, 2013 en-us Wed, 10 Jan 2018 17:21:47 +0530 Wed, 10 Jan 2018 17:21:47 +0530 TaxTMI RSS Generator Section 188(1) Exemption: Voting Restrictions Lifted for Companies with 90% Members as Relatives of Promoters. https://www.taxtmi.com/highlights?id=37496 Related party transactions - restriction on vote - second proviso to section 188 (1) shall not apply to a company in which ninety per cent. or more members in numbers are relatives of promoters or related parties. - Section 188(1) of the Companies Act, 2013 Highlights Companies Law Wed, 10 Jan 2018 17:21:47 +0530 https://www.taxtmi.com/highlights?id=37496