Section 192 of companies act, 2013
This query is : Resolved
02 August 2016
Please explain 'Persons connected to director' as per Section 192.
Whether any non cash transaction of acquisition of Fixed Assets from an Associate Company with common director will come under Section 192.
If the said purchase is an import , where we paid Customs duty, But no consideration to the associate company, will it be counted as non cash transaction or cash transaction.
Thanks
Whether any non cash transaction of acquisition of Fixed Assets from an Associate Company with common director will come under Section 192.
If the said purchase is an import , where we paid Customs duty, But no consideration to the associate company, will it be counted as non cash transaction or cash transaction.
Thanks
02 August 2016
It would be of same meaning of "Connected Person" as per Section 2(d) of SEBI (Prohibition of Insider Trading) Regulations, 2015
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