First Notes - 19 August 2014

First Notes - 19 August 2014

The MCA amends shareholder approval norms for related party transactions

Also on

The Companies Act, 2013, though largely operationalised with effect from 1 April 2014, has thrown up various implementation challenges for corporate India, and one of them relates to provisions concerning ‘related party transactions’. The Ministry of Corporate Affairs, vide notification dated 14 August 2014, has amended the Companies (Meetings of Board and its Powers) Rules, 2014 (Rules).

The amended Rules will be effective from the date of its publication in the Official Gazette.

© 2017 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

Connect with us


Request for proposal



KPMG’s new-look website

KPMG has launched a state of the art digital platform that enhances your experience and provides improved access to our content and our people, whatever device you are on.