Closely held companies me promoters akshar related party transactions ke through value shift kar sakte hain – jaise apni doosri company ko over-priced contracts dena, family members ko inflated salary, ya assets cheap mein bech dena. Is abuse ko rokne ke liye corporate law related-party deals pe special spotlight rakhta hai.
Rules often demand:
- Clear definition of “related party” (relatives, group entities, key managerial persons, etc.),
- Board/ shareholder approvals before executing certain transactions,
- Interested directors ka abstain karna from voting,
- Disclosures in financial statements and reports,
- Arms-length basis aur fairness ka evaluation.
Independent directors, audit committees, and external valuers yaha important role play karte hain. Minority shareholders ke liye yeh mechanisms lifeline hain, kyunki unhe day-to-day control nahi hota.
Agar related-party transactions obvious siphoning ya oppression ka pattern dikhayein, to regulators, tribunals ya courts intervention kar sakte hain – including transaction reversal, penalties, ya management change.
Message promoters ke liye seedha hai: family-business aur company-business ke boundaries mix karoge, to law eventually line kheech dega.
