Section 297 companies act 1956
This query is : Resolved
SUSANTA KUMAR NAYAK
(Querist)
11 June 2014
In my company's balance sheet for 2011 there was share application money to the tune of Rs. 7 Crores received from promoters and a private limited company with common directors
Now ROC slapped me a notice that it will be treated as contract under section 297 under companies act 1956.
my question do share application money as on the date of balance sheet be treated as contract u/s 297.
please clarify with a case study
Now ROC slapped me a notice that it will be treated as contract under section 297 under companies act 1956.
my question do share application money as on the date of balance sheet be treated as contract u/s 297.
please clarify with a case study
11 June 2014
this transaxction is out of scope of sec 297 of co act 1956,
SUSANTA KUMAR NAYAK
(Querist)
17 June 2014
I know it will not cover u/s 297 but the ROC needs a case study
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Capitalgain tax purposes for valuation report compulsory
- Under marginal scheme
- GST on Renting godown to KFCSC for Storage of Raagi
- TAX AUDIT ON PROFESSIONAL INCOME
- Import of Software Service.
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
