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Companies act

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 July 2012 Whether the services of company secretary in employment covered under the section 297 of the companies Act? please reply urgently.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
10 July 2012 COMPANY SECRETARY NOT COVERED AS SECTION 297 CLEARLY STATES "Board's sanction to be required for certain contracts in which particular directors are interested".

SO COMPANY SECRETARY ARE NOT COVERED BUT IT ALWAYS ADVISABLE FOR THE SAKE OF BETTER CORPORATE GOVERNANCE TO DISCLOSE SUCH INTEREST TO THE BOARD.
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Querist : Anonymous

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Querist : Anonymous (Querist)
10 July 2012 sir whether central government approval is required for this?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
10 July 2012 CG Approval Not required.
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Querist : Anonymous

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Querist : Anonymous (Querist)
10 July 2012 sir please provide me the Board Resolution for authorizing the person to issue vouchers in the company.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
10 July 2012 For issue of Vouchers or for Approval of Voucher?
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Querist : Anonymous

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Querist : Anonymous (Querist)
10 July 2012 for issue of vouchers upto Rs. 5000
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