297
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 February 2010
TWO PVT COMPANIES HAVING MORE THAN 1.00 CRORE PAID UP SHARE CAPITAL HAVING SAME DIRECTORS AND SHAREHOLDERS. A COMPANY WANT TO BECOMES HOLDING COMPANY OF B, IN CONSIDERATION OF SHARE HE WILL ISSUE OWN SHARES TO SHAREHOLDERS OF B.
IS THIS ATTARCT THE PROVISIONS OF SECTION 297.
CAN NOT WE SAY THAT IT IS CASH AT PREVAILING AT MARKET PRICE.
IS THIS ATTARCT THE PROVISIONS OF SECTION 297.
CAN NOT WE SAY THAT IT IS CASH AT PREVAILING AT MARKET PRICE.
17 February 2010
I think 297 is not applicable. However views of other expertss solicited.
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