Section 192 of the said Act deals with restriction on non-cash transactions
involving directors or persons connected with them. The section prohibits the
company from entering into such types of arrangements unless it is an
arrangement by which the company acquires or is to acquire assets for
consideration other than cash, from such director or person so connected.

In the instant case, RPS Ltd. has entered into non-cash transactions with Mr.
Rahul, son of director, which is an arrangement by which RPS Ltd. is in
process to acquire assets for consideration other than cash. In the above
situation, the provisions of section 192 of Companies Act, 2013 have been
complied with.

 
No such exception provision is there in Bare Act of Sec 192
 
Why is it written so in RTP?
How Sec 192 is complied without prior approval in general meeting?

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