Section 297 approval from roc for director interested
This query is : Resolved
Guest
Guest
(Querist)
12 December 2011
Kindly Answer the following Which the following transactions are valid or not.
With out Prior Approval.
1. Public Company with Public Company (One Director is the Director of the company)
2. Public Company with Private Limited Company (One Director is the Director of the company)
3. Public Company with Partnership firm(One Director is the Partner)
4. Public Company with Proprietor.(One Director is the Owner of this concern)
In the Above, for which category Prior Approval is necessary.
With out Prior Approval.
1. Public Company with Public Company (One Director is the Director of the company)
2. Public Company with Private Limited Company (One Director is the Director of the company)
3. Public Company with Partnership firm(One Director is the Partner)
4. Public Company with Proprietor.(One Director is the Owner of this concern)
In the Above, for which category Prior Approval is necessary.
CS Suraj Arora
(Expert)
15 December 2011
1. Valid
2.Not Valid
3.Not Valid
4.Not Valid
2.Not Valid
3.Not Valid
4.Not Valid
Message likes :
1 times
15 December 2011
Prior approval is required in 2,3 & 4 cases, provided the paid up share capital of the company is Rs.1 crores or above.
Basically, Section 297 is applicable to all the companies, public and private, except on the transactions between two pubic companies and also to the transaction of loan made by the director to the company, since it is not a sale or purchase of goods or contract to render to render services.
Brij Agnihotri
bagnihotri@gmail.com
Basically, Section 297 is applicable to all the companies, public and private, except on the transactions between two pubic companies and also to the transaction of loan made by the director to the company, since it is not a sale or purchase of goods or contract to render to render services.
Brij Agnihotri
bagnihotri@gmail.com
Message likes :
1 times
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
- Tax on Amount transferred in HUF Account
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- ETDS return q4 25-26
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
