sec 192(1)
This query is : Resolved
09 September 2017
can someone plz summarise the crux of sec 192(1) companies act 2013
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
• 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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