07 August 2013
one pvt limited company having paid up share capital more then 1 crore paying rent to another pvt company where there is a substantial int of directors.
1.rent for immovable property-more than 100000 2.getting information technology services of value more then 100000
whether sec 297 applicable or anyother section of companies act applicable
08 August 2013
dear sir what i understood sec 297 is not applicable for immovable property ,we are paying rent for immovable property.please correct me if i am wrong. for that particular contract sec 297 is applicable or not.
CAclubindia
