Whether 297 applicable in holding company?
CHANDRASEKAR.D (Internal Audit) (29 Points)
25 January 2013Whether 297 applicable in holding company?
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 25 January 2013
if subsidiary is pvt co & holding is public co then 297 is applicable. if both are public co's then section 297 is N/A.
However provisions of section 299 & 300 related to interested directors would become applicable.
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