[Email id of designated official for the purpose of grievance redressal]
APPENDIX – II |
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IND-SWIFT LIMITED |
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The Board Members shall disclose the following, in respect of all transactions with related parties, as covered in AS-18 issued by ICAI : | |
(a) | The name of the transacting related party |
(b) | A description of the relationship between the parties |
(c) | A description of the nature of transactions |
(d) | Volume of the transactions either as an amount or as an appropriate proportion |
(e) | Any other elements of the related party transactions necessary for an understanding of the financial statements. |
Signature:………………………………………… | |
Name:…………………………………………… | |
Designation:……………………………………… | |
Date:…………………………………………… | |
Place:…………………………………………… | |
Note: | The following are illustrative and not exhaustive list of examples of the related party transactions in respect of which disclosures should be made by Board Members: |
• Purchases or sales of goods (finished or unfinished); | |
• Purchases or sales of fixed assets; | |
• Rendering or receiving of services; | |
• Agency arrangements; | |
• Leasing or hire purchase arrangements; | |
• Transfer of research and development; | |
• License agreements; | |
• Finance (including loans and equity contributions in Cash or in kind); | |
• Guarantees and collateral’s; and Management contracts including for deputation of Employees. | |