Sec. 297, 299, 300 & 301 of the companies act

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Querist : Anonymous

Querist : Anonymous (Querist)

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

CA Sumat Singhal

CA Sumat Singhal (Expert)
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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

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