LAW

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if p ,son of A IS THE MD OF ABC LTD ,PROPOSES TO GIVE HIS FLAT ON LEASE TO THE COMPANY.THE PAID UP SHARE CAPITAL OF CO. IS RS 10 CRORE. CAN CO. DO SO
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Dear,

I am not getting your quary properly can u explain it in depth.

Yes, But that Transaction comes under the Purview of Section 297, Contracts in which Directors are Interested.


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If you need further clarification than contact me

 

CS Ankur Shah (Practicing Company Secretary)

“Guru Gautam” Bungalow, Inside Parshwa Tower,

Nr. Shyamal Cross Road, 132ft. Ring Road,

Satellite, Ahmedabad – 15

 

Contact: + 91-9427633901

E-mail: ankur @ csankur.com, ankurjewel @ gmail.com

Blog: csankur.blogspot.com

Website: www.csankur.com

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