Section 297
This query is : Resolved
13 July 2010
Incase where there are two companies co 1 pub co having paid up capital less than Rs 1 crore and Co 2 Pvt Company having paid up capital more than 1 crore
now this companies enter in to transcation in which directors are interested covered under sec 297 of the Act, kindly let me know which company pub or pvt has to take the approval of Central Govt ( RD).
please support answer with reasoining
now this companies enter in to transcation in which directors are interested covered under sec 297 of the Act, kindly let me know which company pub or pvt has to take the approval of Central Govt ( RD).
please support answer with reasoining
13 July 2010
Dear Chandranil
in the given case only private company is required to obtain the approval of C. G. However the public company is require to pass a resolution in the Board Meeting because as per section 297 the Company having the paid capital of Rs. one Cr. or more requires the CG approval.
in the given case only private company is required to obtain the approval of C. G. However the public company is require to pass a resolution in the Board Meeting because as per section 297 the Company having the paid capital of Rs. one Cr. or more requires the CG approval.
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- LIABILITY ADJUSTMENT
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
