Sec 297 Related Party Transaction

This query is : Resolved

Priya Sharma (Querist)
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25 August 2009 Thank You ver much Ankur
Sir.It was of a great help to me.

But I went through the help kit of form 24A, it emphasises on annexing
the
(1)Copy of agreement containing particulars of contract.

(2) Copy of board resolution and proceedings of meeting.

(3) Detailed application should be filed as an optional attachment containing details relating to the following;

(a) Whether the terms of the contract conform to the prevailing market rates.
(b) Whether the company has entered into any contract with any other person in respect of sale, purchase or supply of the same kind of goods, materials or services and whether the terms of such contract are similar to the terms of the proposed contract(s). Reasons for variation in rates, if any should be indicated

But it is not asking for the:-

(4) Certified copy of the latest amended Memorandum and Articles of Association;

(5) Certified copy of the audited Balance Sheet and Profit & Loss Account for a last three years;

Should I still attach it to the form Sir??

Rgds
Priya Sharma

Ankur Garg

Ankur Garg (Expert)
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25 August 2009 Just upload the form without attaching point 4 and 5 attachment and wait for the MCA comment. If they ask 4 the attachment then file the same via filing addendum form.

Regards

Priya Sharma

Priya Sharma (Querist)
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25 August 2009 Thanks a lot.

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