Sction 297 of the companies ACT
This query is : Resolved
03 July 2010
Dear two pcomnaies - one PVT LTD and another Public LTD. want to form a consortium for Bidding purpose only in the Tendor whether this consortium contract will fall u/s 297 and will i need to central goverment approval if paid up capital is Rs.1.5cr?
Director of the both comanies are 100% same.
Regards
Sanjay Srivastava
Director of the both comanies are 100% same.
Regards
Sanjay Srivastava
05 July 2010
In my view, forming a consortium is not a contract falling under section 297. Reason being no service/goods is provided by the private limited co to the public limited co. The both are forming a consortium to provide service to some other party.
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Last year TDS Claim
- GST Registration Horse racing
- Small dealers gst returns filing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
