Related party transactions

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....es or property; (f) such related party's appointment to any office or place of profit in the company, its subsidiary company or associate company; and (g) underwriting the subscription of any securities or derivatives thereof, of the company: Provided that no contract or arrangement, in the case of a company having a paid-up share capital of not less than such amount, or transactions not exceeding such sums, as may be prescribed, shall be entered into except with the prior approval of the company by a ^1[resolution]: Provided further that no member of the company shall vote on such ^1A[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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....modation, or otherwise; (b) the expression "arm's length transaction" means a transaction between two related parties that is conducted as if they were unrelated, so that there is no conflict of interest. (2) Every contract or arrangement entered into under sub-section (1) shall be referred to in the Board's report to the shareholders along with the justification for entering into such contract or arrangement. (3) Where any contract or arrangement is entered into by a director or any other employee, without obtaining the consent of the Board or approval by a ^3[resolution] in the general meeting under sub-section (1) and if it is not ratified by the Board or, as the case may be, by the shareholders at a meeting within....

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....-05-2015 (Notified vide Notification No. S.O. 1440(E) dated 29-05-2015) before it was read as,  "special resolution" 2.  Inserted vide Section 16 of the Companies (Amendment) Act, 2015 w.e.f. 29-05-2015 (Notified vide Notification No. S.O. 1440(E) dated 29-05-2015) 3.  Substituted vide Section 16 of the Companies (Amendment) Act, 2015 w.e.f. 29-05-2015 (Notified vide Notification No. S.O. 1440(E) dated 29-05-2015) before it was read as,  "special resolution" 4.  Inserted vide Section 63 of the Companies (Amendment) Act, 2017 w.e.f. 09-02-2018 (Notified vide Notification No. S.O. 630(E) dated 09-02-2018) ....