banner_ad

Director

Others 610 views 2 replies

Hi all

A person is a Director and Member in a pvt. and a public ltd. company The registered office of the Company will be situated in a building which is owned by this person ie who is director as well as shareholder of these companies. Now, as the company is a separate legal entity and the director is allowing to use his property as registered office, What formalities are required to be done under the Companies Act, 1956. Which sections apart from Sec 299, 300, 297 of the Act are to be taken care of.

Kindly advise, it is a bit urgent.

Replies (2)

Hi Parashar,

Section 299 & 300 are only covered, but Section 297 does not apply to rent of premises for office of the company since 297 does not apply to transactions in immovable properties (Reference: Chartered Secretary, October 1990 - Vol.20, Page 877)

Director can execute a rent agreement and take rent on the property...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details