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297-company law-prior approval of cg

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This query is : Resolved

YOGESH KUMAR SINGHAL (Querist)
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04 April 2010 please explain me detailed procedure of taking permission of central government for 297 contract in which directors are interested...

thanks in advance !

Chandranil

Chandranil (Expert)
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07 April 2010 Dear Yogesh,

check

1. whether Director coverec under 297 if yes

2. check capital of company if above 1 CR then c govt approval required

3. here you need to fie form 24 A along with following attachment
application
grounds of application
list of directors interested & nature of Interest
gross amount for which approval required along with period
MoA & AOA
Declaration from MD/WTD/CS
Draft agreement
Board Resolution
and check form if any other doc required
submit hard copy of this set to RD office of your jrisdication along with challan of form 24AA and also attach with Form
get acknowlwdgement and send one copy to ROC of all this set

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