Sec 297
This query is : Resolved
31 March 2012
Dear All,
Please guide if giving guarantee to the the associate company will attract sec 297 in case of private companies.
Regard,
Abhijit
Dear All,
Please guide if giving guarantee to the the associate company will attract sec 297 in case of private companies.
Regard,
Abhijit
02 April 2012
Dear Abhijit,
Only transactions of goods and services will be covered under sec 297. Hence, this will not be applicable to guarantees.
Only transactions of goods and services will be covered under sec 297. Hence, this will not be applicable to guarantees.
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