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JAMS ENERGY LIMITED18th ANNUAL REPORT 20162017Section 188 and other applicable provisions, if any of the Companies Act,2013 and the Companies (Meeting of Board and its Powers) Rules,2014(including

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How to fill out related party transactions

01

Identify the related parties involved in the transaction.

02

Determine the nature of the transaction and the terms involved.

03

Gather all necessary documentation and information related to the transaction.

04

Ensure that the transaction is conducted at arm's length to avoid conflicts of interest.

05

Properly disclose the related party transaction in the company's financial statements.

06

Consult with legal and financial advisors if needed.

Who needs related party transactions?

01

Companies that have transactions with other entities or individuals that are considered related parties.

02

Companies that want to ensure transparency and compliance with regulations regarding related party transactions.

03

Companies that want to accurately reflect their financial position and performance in their financial statements.

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What is related party transactions?

Related party transactions are transactions that occur between two parties who are related to each other or have a close relationship, such as a parent company and its subsidiary.

Who is required to file related party transactions?

Entities are required to file related party transactions if they engage in transactions with related parties, as per accounting standards and regulations.

How to fill out related party transactions?

Related party transactions can be filled out by disclosing the nature of the transaction, the relationship between the parties, the amount of the transaction, and any other relevant information.

What is the purpose of related party transactions?

The purpose of related party transactions is to ensure transparency and prevent conflicts of interest that may arise when parties with close relationships engage in business transactions.

What information must be reported on related party transactions?

Information such as the nature of the transaction, the relationship between the parties, the amount of the transaction, and any other relevant details must be reported on related party transactions.

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