Section 297 whether both the companies required CG approval

Dear All

There are two Companies X Pvt. Ltd regd. office in Chennai and Y Pvt. Ltd. regd. office Delhi having paid up capital of more than 1crore and having one 2 common Director. Then clearly transaction between them for sale ------- attracts section 297. I required opinin with which RD application for approval had to me moved or it required to be moved to each RD separately

Replies (3)

In the given case,

Both the companies are required to comply with the provisions of Sec 297 

since both are entering into the contracts 

Ttarget='_blank' rel='nofollow' hrefore , the applications should be made for both respective RD's of TN and delhi.

Dear Friend,

If the registered office of  both the companies are falling under the same jusidiction of Rd's office, they can file a common application for taking apporval of transaction under section 297, as in your case both RD are different, you have to make application from both companies for taking approval.

can any body send sample of filled forms for the approval u/s 297

regards

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details