Section 188 of Companies Act, 2013 provides that except with the consent of the Board of Directors given by a resolution at a meeting of the Board and subject to such conditions as may be prescribed, no company shall enter into any contract or arrangement with a related party with respect to such related party's appointment to any office or place of profit in the company, its subsidiary company or associate company. However, company shall not enter into a transaction or transactions, where the transaction or transactions to be entered into is for appointment to any office or place of profit in the company, its subsidiary company or associate company at a monthly remuneration .............
View solution