Section 192 of CA 2013 : Section 192: Restriction On Non-Cash Transactions Involving Directors

(1) A company is not allowed to make a deal where:

1. One of its directors, or a director of its parent or sister companies, or someone close to them, gets something valuable f

Imagine a company called "Tech Innovations Ltd." where Mr. Smith is a director. Mr. Smith owns a patent that Tech Innovations Ltd. is interested in acquiring. According to Section 192