The Director or an employee of a company, who __________ with related party against the provisions of Section 188 of The Companies Act, 2013 shall be liable for a penalty.

CS Executive · Corporate and Management Accounting · PYQS · December 2022
The Director or an employee of a company, who __________ with related party against the provisions of Section 188 of The Companies Act, 2013 shall be liable for a penalty.
(A) Entered into a contract
(B) Authorized a contract
(C) Authorized an arrangement
(D) Any of the above

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Corporate Governance

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