Section 297
This query is : Resolved
08 May 2013
Plz explain me that as per section 297, specified person includes the private company who's shares are purchase by director or Wer he is director??
08 May 2013
Yes because sec 297(1) says... a pvt co of which the director is a member or director....
08 May 2013
It means that if a director has some percentage of paid up share capital of any company then that company ll b said as specified person???
08 May 2013
yes. then that company will be said as specified person.
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