Query on caro 2016

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Friends

As per reporting requirements of CARO 2016, could you please clarify very briefly what is meant by ‘non cash transactions’ in the clause – “whether the company has entered into any non-cash transactions with directors or persons connected with him and if so, whether the provisions of section 192 of Companies Act 2013 have been complied with.”

Regards,

Dipjyoti

Replies (1)
E. g 1. Company to give away movable assets to directors as against the directors remuneration due to them.

e.g 2. Company gives away immovable asset to director as amount payable towards retirement or loss of office


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