Dear All
Can a public company sell a car to a director? The said car was previously used by him for official purpose. what sections of company law are required?
Thanks
Preeti Gandhi
Dear All
Can a public company sell a car to a director? The said car was previously used by him for official purpose. what sections of company law are required?
Thanks
Preeti Gandhi
No sec. of companies act applicable here except only sec. 299 disclosure of interest and sec. 301 register of contract in which directors are interested are applicable
agreed with Pravin
YOGESH KAPOOR AND ASSOCIATES
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CAclubindia
