Tuesday, May 25, 2021

What Are Related Party Transactions (RPT) ?

It is an off the balance sheet item accompany those with parties related to it. Incentive caused by whose bread it is song I sync as outside does we don't know are the transaction are on arms length basis or not.
Who is a related party this is a long list of persons and entity which include directors KMP any person or entity that can give rise to vested interest risk for the company associated subsidiary company.
What is the risk
Salary given to KMP goods and services sold for purchases from related party rent from related party forces officers from related party loans given or taken from related parties or corporate guarantee

goods and services sold to related party Bharat rasayan purchases from related party Olympic former rent paid to related party ngl fine chem Indigo remedies legal / consultancy fee Parag milk foods loans / deposite given to related party brittanya Balaji amines loans taken from related party knr construction leel electricals
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we do some kind of reverse engineering to keep the dirt out.
😁😁😁