If a Company has entered into a contract with another company for 500 times u/s 297 of the companies Act then in that case whether the particulars of 500 contracts to be entered in the register of contracts U/S 301 or we can have exemption as we have u/s 299 of the companies for disclosure of interest for a couple of contracts in which directors are interested by giving a general notice for the whole financial year.?
1 Replies
sangram ghatge
(company secretary in practice)
(198 Points)
Replied 20 June 2012
there is no such exemption under section 297. particulars of all contracts have to be entered seperately.
regds,
sangram
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