09 July 2011
A limited company's (say company x) 47% share is held by company y. In an agreement company x received two employees service of company y and for which they reimburse the actual expenses on the basis of bill raised by company y to company x. Is it relevant to record in section 301?
09 July 2011
According to me section 301 is applicable on all the contract under section 297 where directors are interested and for this a register is required to maintain by the company to record this Contract.
So according to me Section 301 is not attract here.
CAclubindia
