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.
By Partner (Corporate & Head – Media Law) Bharat Vasani & Associate Varun Kannan.
Click here to read more. (Pdf 7 Pages)
For further information, please contact:
Bharat Vasani Partner, Cyril Amarchand Mangaldas
shikha.tandon@cyrilshroff.com
