Section 297
This query is : Resolved
01 December 2011
Please tell me that there are two private ltd companies both are subsidiaries of a public ltd company, whether section 297 is applicable or not?
as section 297 is not applicable in case ot two public ltd companies
as section 297 is not applicable in case ot two public ltd companies
01 December 2011
No
Private ltd companies which are subsidiaries of a public ltd company, are treated as public ltd companies within the meaning of section 3(1)(iv)(c). Hence section 297 would not be applicable.
RG
Private ltd companies which are subsidiaries of a public ltd company, are treated as public ltd companies within the meaning of section 3(1)(iv)(c). Hence section 297 would not be applicable.
RG
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