Co. A is the Indian Private LimitedCompany
Co.B is the Foreign Company
Mr.X is the common director
Whether section 297 applies
sunil prakash jain (Sr.manager) (101 Points)
22 April 2011Co. A is the Indian Private LimitedCompany
Co.B is the Foreign Company
Mr.X is the common director
Whether section 297 applies
nidhigoel89
(Company Secretary )
(594 Points)
Replied 22 April 2011
Hello!
As per my knowledege and understanding it would nt apply. In our act co is defined as a co. registered under Co.'s Act, 1956. And if a foreign co. is include then it would nt govern under Indian Co.'s Act.
That is my understanding after studying,,,,,,rest views of learned members are solicited
Regards
Nidhi
CAclubindia
