#SimplifyingTheLaw is a video-based series, where we attempt to break down legal concepts, legal jargon and regulatory compliances for the benefit of startups.

We are back with the final video of the ‘Related Party Transactions’ series of videos. In Part 5 , Shwetha Chandrashekar elaborates on the the consequences of non-compliance with Section 188 of the Companies Act, 2013 while entering into related party transactions.

Watch this Video to learn more.

Don’t forget to watch:

  • Part 1 where she explains who a related party is under the provisions of the Companies Act, 2013; and
  • Part 2 where she delves into the “Types of Related Party Transactions” under the Companies Act, 2013; and
  • Part 3 where she elaborates on the corporate compliances and approvals required under the Companies Act, 2013 while entering into Related Party Transactions.
  • Part 4 where she elaborates on the exceptions to what constitutes ‘Related Party Transactions’ under the Companies Act, 2013 and explains concepts such as ‘ordinary course of business’ and ‘arm’s length basis’.