In an Unlisted Public Limited Company, there are three directors Mr. A (Father), Mr. B (Son) and Ms. A (Wife). Company is taking a property on lease, which is in the name of Mr. A. Thus we understand it is a Related Party Transaction. Query: How to pass Board resolution u/s 188?? Do appointment of new uninterested additional director is the only option?? Kindly revert...Its UrgentSection 188 Related party transactions.
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