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      Question

      Section 192 of the Companies Act restricts non-cash

      transactions involving Directors of the ______________ for considerations other than cash.
      A Company Correct Answer Incorrect Answer
      B Holding/subsidiary Correct Answer Incorrect Answer
      C Associate or any person connected Correct Answer Incorrect Answer
      D All a b & c Correct Answer Incorrect Answer

      Solution

      Section 192 deals with the restriction on directors. No director shall enter into arrangement by which Director of the Company/its holding/subsidiary/associate or any person connected with him, acquires assets for consideration other than cash.

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