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Section 192 of the companies act, 2013

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(Querist)
13 September 2016 Please specify the resolution to be passed u/s. 192 of the Companies Act, 2013. From the Act, I found that a resolution is mandatory for such transactions. But I was unable to find whether to pass ordinary resolution or a special resolution?
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
14 September 2016 Ordinary Resolution is required for entering any non-cash transactions in which directors of the Company or holding, subsidiary or associate Company are involved.
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