Disha jainDisha jain asked 5 months ago
2 Answers
JASKARAN SINGHJASKARAN SINGH answered 5 months ago

yes i also think it should be as para 3(iv) as it is mentioned director is interested and that is covered u/s 185

RaviRavi Staff answered 5 months ago

in may 2014 old caro was applicable at that time there was not clause related section 185 as new companies act was not applicable so icai would have given suggested answer as per clause 3 and same was incorporated in book.
now as per current CARO in this particular case both clause 3 and 4 will be applicable 

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