Sec.194 of companies act 2013

Vinay Garg (Service Tax Expert) (780 Points)

09 June 2014  

What is the difference between 194(1)(a) and 194(1)(b) ?

 

Here is the text

(1) No director of a company or any of its key managerial personnel shall buy in the company, or in its holding, subsidiary or associate company—

(a) a right to call for delivery or a right to make delivery at a specified price and within a specified time, of a specified number of relevant shares or a specified amount of relevant debentures; or

(b) a right, as he may elect, to call for delivery, or to make delivery at a specified price and within a specified time, of a specified number of relevant shares or a specified amount of relevant debentures.