Related party transactions.

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....with a related party with respect to-           (a) sale, purchase or supply of any goods or materials;           (b) selling or otherwise disposing of, or buying, property of any kind;           (c) leasing of property of any kind;      &n....

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.... as may be prescribed, shall be entered into except with the prior approval of the company by a special resolution:                Provided further that no member of the company shall vote on such special resolution, to approve any contract or arrangement which may be entered into by the company, if such member is a related party: ....

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....free accommodation, or otherwise;                (ii) where such office or place is held by an individual other than a director or by any firm, private company or other body corporate, if the individual, firm, private company or body corporate holding it receives from the company anything by way of remuneration, salary, fee, commiss....

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....fied by the Board or, as the case may be, by the shareholders at a meeting within three months from the date on which such contract or arrangement was entered into, such contract or arrangement shall be voidable at the option of the Board and if the contract or arrangement is with a related party to any director, or is authorised by any other director, the directors concerned shall indemnify the c....