sir apne apni notes me ek sentence h kya apn iska matlub bata sakte h….., according to the information and explanation given to us, the company has entered in to non cash transactions with one of the directors/person connected with the director during the year, by the acqustion of assets by assuming directly related liabilities, which in our opinion is covered under the provision of section 192 of Act, and for which approval has not yet been obtained in general meeting of the company.

1 answer

Ravi Staff September 24, 2018

i hope you have seen video for clause 15
 
As per sec 192 if director or people related to director wants to enter transaction of exchange of assets / barter (non cash transaction), they will have to take prior approval of shareholders for such transaction.
if such approval not taken then auditor will report non compliance in caro

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