Section 297
This query is : Resolved
26 September 2013
While Going through the balancesheet of one of my client Companies I saw sale and purchase of goods from its group company.
PLease note that
Both the Cos are private
Both have the same directors
and the purchase and sale is not based on any contract...please reply whether 297 is applicable
PLease note that
Both the Cos are private
Both have the same directors
and the purchase and sale is not based on any contract...please reply whether 297 is applicable
27 September 2013
If they are not entering into any Contract then Sec 297 Shall not apply.
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