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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