Section 297 of companies act
This query is : Resolved
18 August 2008
it says that central govt approval is required for any agreement entered by two companies in which directors are same/interested.but whether this applies to all agreemnents entered into by the companies before the directors of one companybecomes the directors of other company as well.
18 August 2008
If the agreement was entered into before section 297 becomes applicable, there is no question.
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