Applicability of sec 297
This query is : Resolved
Vivek Randad
(Querist)
26 April 2008
X a public ltd (holding company) purchased goods worth Rs.5 lacs from Y a subsidiary Co. Is it necessary to obtain permission from Central government u/s 297
kindly explain.
kindly explain.
26 April 2008
Download the file https://www.caclubindia.com/share_files/files_download.asp?files_id=5462
Check list on Section 297
Check list on Section 297
26 April 2008
PUBLIC CO. TO PUBLIC CO. TRANSACTIONS ARE NOT ATTRACTED BY SEC 297.
HOWEVER IF THERE IS AN INTERESTED DIRECTOR,DISCLOSURES UNDER SEC 299 AND NON VOTING ON CONTRACT UNDER SEC 300 APPLY.
R.V.RAO
HOWEVER IF THERE IS AN INTERESTED DIRECTOR,DISCLOSURES UNDER SEC 299 AND NON VOTING ON CONTRACT UNDER SEC 300 APPLY.
R.V.RAO
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