Applicability of sec 372 a and 295
This query is : Resolved
19 March 2012
Dear Expert,
A Private Limited Company has requested a certificate of non applicability of Sec 295 and 372A for submission to bank. My question is whether Sec 372A and 295 applies to Pvt Ltd Co? If no can I give such certificate.
A Private Limited Company has requested a certificate of non applicability of Sec 295 and 372A for submission to bank. My question is whether Sec 372A and 295 applies to Pvt Ltd Co? If no can I give such certificate.
Ajay Mishra
(Expert)
19 March 2012
Hi
Yes, both section are not applicable to private company unless it is subsidiary of public company. You just give a certificate that such provisions is not apply to company.
Regards
Yes, both section are not applicable to private company unless it is subsidiary of public company. You just give a certificate that such provisions is not apply to company.
Regards
Jiten Gupta
(Expert)
20 March 2012
Agree with experts!!!
Section 295 and 372a are not applicable on Pvt ltd company unless such pvt ltd is subsidiary of Public Ltd.
Section 295 and 372a are not applicable on Pvt ltd company unless such pvt ltd is subsidiary of Public Ltd.
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