Dear all,
We are enetering into Agreement with one of our cutomer and sanctioning him credit period. Now When I sent them draft for vetting purpose ,they revert with the comment that we need to mention Company CIN in the Agreement.
Now since commencement of the Companies Act 2013, we entered into many Agreement but did not mentioned CIN in the Agreement , whereas , invoices, bills ,letterheads contains CIN.
Now please let me know is it copulsory to mention CIN in any Agreement .
I don't see any need to mention the CIN of the Company on the agreements. Its not mandatory as per the Companies Act to mention CIN on the agreements. Section 12 (3)((c) doesn't mention about agreements.
Our Company has also entered into various agreements till date, but we haven't put CIN on any of the agreements. In my opinion its not required.
O P Bagla & Co LLP
New Delhi
CA Inter
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