section 297 of Companies Act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2010
Do Pvt. Ltd. cos having Paid up Capital above 1 crore, need approval of central govt for certain contracts in which directors are interested ?
What does this paid up Capital constitute ? only equity or redeemable preference shares are also included ?
Is there any limit or parameters for premiums on issue of shares ?
What does this paid up Capital constitute ? only equity or redeemable preference shares are also included ?
Is there any limit or parameters for premiums on issue of shares ?
13 July 2010
Yes if Pvt Company ente into contract with private Company but any contract with Public Company Section will not apply to pvt Company.
Paid up capital mean both equity & preference shares.
Paid up capital mean both equity & preference shares.
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