[IICA Independent Director] 07, Conflicts and Related-Party Approval Routes

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • How to separate relationship identification from transaction pricing and approval routing. • Why an arm's-length price does not eliminate audit committee scrutiny or disclosure duties. • The statutory requirements under Section 184 for Form MBP-1 disclosure and abstention. • Why informal promoter consent holds no legal weight under the Companies Act of 2013. • How to apply the Triple D decision framework (Detect, Disclose, Determine) on exam day. This independent study resource is designed for self-directed preparation. Practice questions and access additional tools at https://open-exam-prep.com/practice/in-iica-independent-director and follow video updates at https://www.youtube.com/@Open-exam-prep . Sources checked: September 28, 2026 https://www.independentdirectorsdatabank.in/ https://www.mca.gov.in/