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sec 192(1)

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(Querist)
09 September 2017 can someone plz summarise the crux of sec 192(1) companies act 2013
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
15 September 2017 As per Section 192(1) , Prior approval shareholders is required for:
• Any arrangement/ transaction by Company for acquisition of assets for consideration other than cash from
• Its director or
• Director of its holding, subsidiary or associate company or
• A person connected with him
• Any arrangement/ transaction where such Director or such connected person is to acquire assets from the company
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