Specified Contracts

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DeepA (Querist)
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21 December 2010 Company gave a contract of work to his director who having his own propritorship fim... what are the clause applicable??? Is it specified contract or not???? what are the conditions for having specified contracts...

Ankur Garg

Ankur Garg (Expert)
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21 December 2010 Hi,

Well this contract must be approved by a board resolution. Further disclosure of interest by director u.s 299 is must.

Also entry in the register maintained u/s 301 is required.

Regards

DeepA

DeepA (Querist)
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21 December 2010 Thank You Sir

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DeepA

DeepA (Querist)
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21 December 2010 Sir

Are there any exemption for some contracts????