Applicability of sec 297

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Vivek Randad (Querist)
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26 April 2008 X a public ltd (holding company) purchased goods worth Rs.5 lacs from Y a subsidiary Co. Is it necessary to obtain permission from Central government u/s 297
kindly explain.

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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26 April 2008 Download the file https://www.caclubindia.com/share_files/files_download.asp?files_id=5462
Check list on Section 297

R.V.RAO

R.V.RAO (Expert)
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26 April 2008 PUBLIC CO. TO PUBLIC CO. TRANSACTIONS ARE NOT ATTRACTED BY SEC 297.
HOWEVER IF THERE IS AN INTERESTED DIRECTOR,DISCLOSURES UNDER SEC 299 AND NON VOTING ON CONTRACT UNDER SEC 300 APPLY.
R.V.RAO

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