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Section 297 applicability to sale of scrap

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(Querist)
06 May 2009 Hello

Could anyone please let me know whether Section 297 would be applicable to sale of scrap between twoprivate companies with common directors?

Thanks
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CA MEENAKSHI MANGLA

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CA MEENAKSHI MANGLA (Expert)
06 May 2009 IN SECTION 297 WORDING USE " FOR THE SALE, PURCHASE OR SUPPLY OF ANY GOODS, MATERIALS OR SERVICES."
PHRASE USE "ANY" SO I THINK SALE OF SCRAP SHOULD BE COVERED IN SECTION 297
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Ankur Garg

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Ankur Garg (Expert)
10 May 2009 Agree with Meenakshi.
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