applicability of Section 297
This query is : Resolved
23 February 2009
Hi dear all,
Please guide me on my following query;
We are private limited Indian Co. which is subsidiary of Japanies ltd. co. ,we regularly trade with parent co. through our purchase sell contract ;
these Co .are closely held Co. having common directors.
Plese tell me is it require to take Govt approval for regular sale purchase contract of the Co. U/S 297
We have taken FIPB approval for our collaboration is it sufficient and if any approval is required what is procedurre to take this approval.
Thanking you in advance for your reply
Please guide me on my following query;
We are private limited Indian Co. which is subsidiary of Japanies ltd. co. ,we regularly trade with parent co. through our purchase sell contract ;
these Co .are closely held Co. having common directors.
Plese tell me is it require to take Govt approval for regular sale purchase contract of the Co. U/S 297
We have taken FIPB approval for our collaboration is it sufficient and if any approval is required what is procedurre to take this approval.
Thanking you in advance for your reply
14 April 2009
exemption can be availed if one of the Company is Pvt. Ltd.
Central Govt approval is required only if paid up capital of ur Co. is not less than rupees one crore.
Central Govt approval is required only if paid up capital of ur Co. is not less than rupees one crore.
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