Company Secretary
280 Points
Joined June 2011
Dear george
Yes, in situation mentioned by you, section 297 would get attracted and you would require Board authorisation to enter into that conract with CA for availing his services. Also, if you have already entered into contract with CA without obtaining Board consent, you should obtain Board consent in next 3 months of entering into such contract. However, if the contract of service is for les than Rs.5000/- (which I am assuming would not be the case) then you need not to obtain Board consent. Should need any further clarification, pl. feel free to contact.
Regards
Deepika