Sction 297 of the companies ACT
This query is : Resolved
03 July 2010
Dear two pcomnaies - one PVT LTD and another Public LTD. want to form a consortium for Bidding purpose only in the Tendor whether this consortium contract will fall u/s 297 and will i need to central goverment approval if paid up capital is Rs.1.5cr?
Director of the both comanies are 100% same.
Regards
Sanjay Srivastava
Director of the both comanies are 100% same.
Regards
Sanjay Srivastava
05 July 2010
In my view, forming a consortium is not a contract falling under section 297. Reason being no service/goods is provided by the private limited co to the public limited co. The both are forming a consortium to provide service to some other party.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
