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
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
