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Section 297

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(Querist)
08 May 2013 Plz explain me that as per section 297, specified person includes the private company who's shares are purchase by director or Wer he is director??
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
08 May 2013 Yes because sec 297(1) says... a pvt co of which the director is a member or director....
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Dhara

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Dhara (Querist)
08 May 2013 It means that if a director has some percentage of paid up share capital of any company then that company ll b said as specified person???
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Pankaj Gupta

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Pankaj Gupta (Expert)
08 May 2013 yes. then that company will be said as specified person.
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