Dear All,
Ours is a listed co. and for practical convinience , we decided to open a new pub. co. mainely to avoid sec. 297 of the C.A.'56.
could anybody share with me the procedure for the floating a new pub. co. with practical suggestions?
As stated to avoid sec. 297 what should be the best idea out of the following options to incorporate an closedly held unlisted public ltd. co. with an idea to procure and supply certain raw material to the LISTED PUB.CO and also to market the finished product of that co. :
1. with same directors of listed co.- as directors and members
2.with same directors of listed co-as director only but not members
3.with same directors of listed co-as member and not director
4. with relatives of the director of listed co as director and not members
5. with relatives of the director of listed co as members and not director
anticipating an early response.
CAclubindia
