Sec 297
This query is : Resolved
20 August 2009
A Pvt Co. is using the Trademark of one of its director and they are paying royalty to her, so in this case as per the Companies Act , do we need to file any thing under sec 297(Related Party Transaction)?or does this attracts any other provisions on Co. Law???
Is trademark a movable property??
Pls solve this query
Regards
Priya
Is trademark a movable property??
Pls solve this query
Regards
Priya
20 August 2009
Yes, It needs a declaration if price is not normal or above amrket price. Trademark is intagible pro
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