The DICA Clarifies Corporate Approval of Director and Related Party Transactions

26
Feb
2020

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Related party transactions are a frequent occurrence in Myanmar corporate life. When one company transacts with another company with which it has some sort of connection through shareholders, directors, family etc…

Highlights of this note

  • Board approval procedure under s. 187:
  • Member approval procedure under s. 188:
  • Different interpretations possible
  • Clarification
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