Parashar (Company Secretary 2004) (1013 Points)
19 March 2012
N Giridar
(ACA, CS Final Student)
(151 Points)
Replied 24 March 2012
Hi Parashar,
Section 299 & 300 are only covered, but Section 297 does not apply to rent of premises for office of the company since 297 does not apply to transactions in immovable properties (Reference: Chartered Secretary, October 1990 - Vol.20, Page 877)
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 26 March 2012
Director can execute a rent agreement and take rent on the property...