section 299 & 301
This query is : Resolved
shankar banerjee
(Querist)
25 August 2010
Whether section 299 & section 301 relating to contracts where directors are interested are applicable to a Public Ltd. Co. which is a subsidiary of a Pvt. Ltd. Co.
CA Kalpesh Gokani
(Expert)
25 August 2010
Sec. 299 & 301 applies to all companies. so these sections should also be applied to public ltd. co. which is a subsidiary of a pvt. ltd. co.
Ankur Garg
(Expert)
25 August 2010
Agree with Expert
Yes section 301 and 299 are applicable to a public company which is subsidiary of a private company bcoz they are independent sections and remain unaffected from the status of the company.
Regards
Yes section 301 and 299 are applicable to a public company which is subsidiary of a private company bcoz they are independent sections and remain unaffected from the status of the company.
Regards
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