Dear All
Can a public company sell a car to a director? The said car was previously used by him for official purpose. what sections of company law are required?
Thanks
Preeti Gandhi
Preeti Gandhi (Company Secretary) (90 Points)
27 June 2011Dear All
Can a public company sell a car to a director? The said car was previously used by him for official purpose. what sections of company law are required?
Thanks
Preeti Gandhi
Pravin Gupta CS
(trainee)
(789 Points)
Replied 27 June 2011
No sec. of companies act applicable here except only sec. 299 disclosure of interest and sec. 301 register of contract in which directors are interested are applicable
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 27 June 2011
agreed with Pravin
CAclubindia
