Applicaibility of section 297

Section 297 applies to all companies, public as well as private. However, it does not apply to the contracts where both the parties to the contract are public companies. The section would apply where one of the two companies (being parties to the contract) is a private company and the other is a public company, but in such a case, it will have to be complied with by the public company only.

Therefore in this case section 297  apply

Thanks, but will it make any difference if there is no written contract is executed between Co.A&B

See Contract can be oral or written which can be enforceable in law.

There is no such requirement.

But comply with Sec 299 & 301

See Contract can be oral or written which can be enforceable in law.

There is no such requirement.

But comply with Sec 299 & 301

The Holding Company is also Private Limited Company.

So I can conclude that 297 is not applicable for said case.

Thanks

Sunil