Arm's Length Price for Related Party Transactions under Companies Act, 2013
Audio Webcast | Duration: 90 minutes
06 May 2014 at 4:00 p.m. to 5:30 p.m. (IST)
As per the provision for Related Party Transactions (RPTs) under Companies Act, 2013 (Section 188), directors are required to provide a prior approval for all RPTs and the exception for no approval requires meeting the test of the transaction being at arms length. From a listed company perspective there is a higher risk of prosecution in case of non-compliance with this provision.
Log in to the 90 mins. live webcast session, where VIjay Iyer, Partner and National Leader - Transfer Pricing, EY will discuss to understand the concept of Arms Length Price and the relevant provisions of the Companies Act, 2013.
Click here to register for the webcast session
Partner & National Leader - Transfer Pricing
Vijay Iyer is a tax partner and National Transfer Pricing leader for the International Tax Services practice in Northern India. Vijay has been rated as one of the World’s Leading Transfer Pricing Advisors for India by the Legal Media Group in their annual global guide as well as by International Tax Review. With an experience spanning to nearly two decades, Vijay has been advising clients on domestic and international tax matters.
Vijay is actively involved in Transfer Pricing Litigation, both as an arguing counsel and as an advisor assisting clients in devising their litigation strategy. He regularly appears before various appellate forums including ITAT matters. He has also been actively involved in drafting the Guidance Note on Transfer Pricing issued by the Institute of Chartered Accountants of India.