Approval of Central Govt.u/s Sec 297
This query is : Resolved
03 February 2010
One of my client Company has contract u/s 297. Now the paid up capital of the Co. is increased from 1.00 Crore. Pls guide me whether Central Government Approval is also required for runing contracts or we will take the approval at the time of renewal of contract or entering into new contract after that.
CA Abhishek Maheshwari
CA Abhishek Maheshwari
03 February 2010
For existing contract CG approval is not required. However before renewal or entering into new contract u/s 297. you have to take Central Govert. Approval
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