Board resolution, approval of a related party transaction, with the arm's-length recital
A single format from the Related Party Transactions, Section 188 pack. s.188(1), Rule 15.
- 2 pages
- 27
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, approval of a related party transaction, with the arm's-length recitals.188(1), Rule 15
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
Certified true copy of the resolution passed at the meeting of the Board of Directors of [ABC Private Limited] held on [Date of the board meeting] at [Time of the board meeting] at the registered office of the Company
APPROVAL OF CONTRACTS AND ARRANGEMENTS WITH [NAME OF RELATED PARTY] FOR THE FINANCIAL YEAR [20__-__]
The Chairman informed the Board that the Company proposes to enter into the following contracts and arrangements with [Name of related party], which is a related party within the meaning of Section 2(76)[(iv)] of the Companies Act, 2013 by reason that [Interested director's name], a Director of the Company, is [a director and member of that company / a partner in that firm / the father of the proprietor].