will a service rendered by a company secretary or an auditor will fall under contracts of sec 297 if he rendered his service to one of his relative ?.Kindly guide me in this regard
will a service rendered by a company secretary or an auditor will fall under contracts of sec 297 if he rendered his service to one of his relative ?.Kindly guide me in this regard
I dont think that secretary and auditors fall under the category of Sec.297.
sec 297 does not apply to co. secretary or auditor.
sec 297 applies to such pesons:
*a director of the co.
*a relative of any director
*a firm in which such a director or relative is a partner
*any other partner in such a firm
*a pvt co. of which the director is a member or director
agree with Shridi & priyatambika
no this not covered
A combined reading of Section 297 and Section 226 will make it clear that Section 297 would not apply because in any case an auditor cannot be a person referred u/s 297.
CAclubindia
