30 September 2011
I wanted to know whether following sections are applicable to private limited company, having only four director ( i.e. two directors with their wife )
Sec. 297. BOARD'S SANCTION TO BE REQUIRED FOR CERTAIN CONTRACTS IN WHICH PARTICULAR DIRECTORS ARE INTERESTED Sec 299. DISCLOSURE OF INTERESTS BY DIRECTOR Sec. 300. INTERESTED DIRECTOR NOT TO PARTICIPATE OR VOTE IN BOARD'S PROCEEDINGS Sec. 301. REGISTER OF CONTRACTS, COMPANIES AND FIRMS IN WHICH DIRECTORS ARE INTERESTED
30 September 2011
Sir, 297 , 299, 301 is applicable for both company i.e private or public. 300 not applicable to private company. Regards, CS Sumat Singhal
CAclubindia
