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THE COMPANIES ACT, 2013 _____ ARRANGEMENT OF SECTIONS Last update-29-7-2022 _____ CHAPTER I PRELIMINARY SECTIONS 1. Short title, extent, commencement and application. 2. Definitions. CHAPTER II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO 3. Formation of company. 3A. Members severally liable in certain cases. 4. Memorandum. 5.
5 days ago · Effective from 12-09-2013. ( 1) No company shall enter into an arrangement by which— ( a) a director of the company or its holding, subsidiary or associate company or a person connected with him acquires or is to acquire assets for consideration other than cash, from the company; or.
section 192. RESTRICTION ON NON-CASH TRANSACTIONS INVOLVING DIRECTORS [Effective from 12th September, 2013] (1) No company shall enter into an arrangement by which— (a) a director of the company or its holding, subsidiary or associate company or a person connected with him acquires or is to acquire assets for consideration other than cash ...
192. Restriction on non-cash transactions involving directors.— (1) No company shall enter into an arrangement by which— (a) a director of the company or its holding, subsidiary or associate company or a person connected with him acquires or is to acquire assets for consideration other than cash, from the company; or.
Aug 8, 2014 · Section 192: Restriction on non-cash transactions involving directors. *192. (1) No company shall enter into an arrangement by which— (a) a director of the company or its holding, subsidiary or associate company or a person connected with him acquires or is to acquire assets for consideration other than cash, from the company; or.
Aug 31, 2023 · Amended and updated notes on section 192 of Companies Act 2013. Detail discussion on provisions and rules related to restriction on non-cash transactions involving directors. Chapter XII (Sections 173 – 195) of the Companies Act, 2013 (CA 2013) deals with the provisions related to meetings of board and its powers.
Section 192 (1) in The Companies Act, 2013. (1) No company shall enter into an arrangement by which— (a) a director of the company or its holding, subsidiary or associate company or a person connected with him acquires or is to acquire assets for consideration other than cash, from the company; or.
The Companies Act, 2013 passed by the Parliament has received the assent of the President of India on 29th August, 2013. The Act consolidates and amends the law relating to companies. The Companies Act, 2013 has been notified in the Official Gazette on 30th August, 2013.
May 31, 2017 · ACQUIRING ASSETS. To begin with, in terms of the sub section {1} of section 192, there is restriction to enter into arrangements, which are non cash in nature, for acquisition of assets, amongst the company, its directors & the specified persons & entities.
Apr 7, 2022 · Section 192 of the Act sets out the legal framework for non-cash transactions between a director and a company. It would be advisable that the MCA constitutes an expert committee to comprehensively relook at all drafting inadequacies in the Act.
