The Board of directors of Pace Power Corporation Ltd. has asked you as a Company Secretary of the company to prepare the agenda item for related party transactions as per provisions of the Companies Act, 2013 for the upc

The Rule 15 of the Companies (Meetings of Board & its Powers) Rules, 2014 prescribes the list of disclosures to be made in the agenda of the Board meeting at which the resolution approving the related party transaction is proposed to be moved. Accordingly, the agenda of the Board meeting of Pace Power Corporation Ltd. at which the resolution is proposed to be moved shall disclose- the name of the related party and nature of relationship; the nature, duration of the contract and particulars of the contract or arrangement; the material terms of the contract or arrangement including the value, if any; any advance paid or received for the contract or arrangement, if any; the manner of determining the pricing and other commercial terms, both included as part of contract and not considered as part of the contract; whether all factors relevant to the contract have been considered, if not, the details of factors not considered with the rationale for not considering those factors; and any other information relevant or important for the Board to take a decision on the proposed transaction.