Comapny Matters
This query is : Resolved
19 October 2010
If a tranaction is being made between a Indian company and body corporate( outside India) than whether such transaction is to be recorded in Register 301
Ajay Mishra
(Expert)
19 October 2010
Hi
It may be noted that the general notice under section 299(3)(a) requires details of the directorship in a body corporate. Thus, it is necessary to give details of the directorship of all bodies corporate, i.e. companies incorporated in India as well as companies incorporated outside India.
So register is required to be maintain under section 301 for the contract between Indian company and Body Corporate incorporated outside India.
Regards
It may be noted that the general notice under section 299(3)(a) requires details of the directorship in a body corporate. Thus, it is necessary to give details of the directorship of all bodies corporate, i.e. companies incorporated in India as well as companies incorporated outside India.
So register is required to be maintain under section 301 for the contract between Indian company and Body Corporate incorporated outside India.
Regards
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