Arm's Length Price
The price that would be charged in a comparable transaction between unrelated parties — the benchmark against which a related-party transaction's pricing is assessed.
Related terms
- Adverse Opinion
An opinion stating that the financial statements do not give a true and fair view, issued when misstatements are both material and pervasive.
- Annual Return (Form MGT-7)
A yearly filing with the Registrar of Companies containing particulars of the company's shareholding, directors and other statutory information as at the close of the financial year.
- Asset Disposal
The derecognition of a fixed asset from the books, with any gain or loss computed as the difference between the net disposal proceeds and the asset's carrying amount.
- Audit Committee
A board-level committee required under Section 177 for specified companies, responsible for oversight of financial reporting, the appointment and remuneration of auditors, and related party transactions.
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