holding co.

Dear Friend

Section 301 says maintenance of register for all contracts or arrangement covered under section 297 or 299. It will also cover holding company if you make contract or arrangements.

Regards

Ajay Mishra  

Thanks Dear.

I would like to take your furthure help wethere application money received from Holding Co. will be Covered under Contracts covered under section 297 or 299.

Dear Friend

Please read the applicability of provision of section 297.

Section 297 does not apply to:

 1. Giving or taking loans.

2.Contract in respect of immovable property (as it is not 'good' ).{Letter No. 9/4190-CL-X dated 27.03.1990}.

3.Contract between two public Companies.

4.Contract of employment of director or managing or whole time director.[ Circuler No.8/11/75-CL-V dated 27.03.1975]

5.Contract for employment of relative of director.

6.Contract entered into by the company with the dealer on principle to principle basis. [Circuler No. FM 8/297/56-PR dated 02-08-1956]

7. Professional services of the nature given by firms of solicitors and advocates, etc.[circuler No. 8/11/75-CL-V dated 05.06.1975]

8.hiring of office premises on rent as the transaction is in immovable property. [Department Clarification dated 10-09-1990]

Regards

CS Ajay Mishra

Thank you sir.