Sec 297(1) does not apply to .....

B S VISWANATH (www.financialtherapy.in)   (184 Points)

11 July 2012  

 

Dear friends,
 
Sec 297(1), does not apply to the transaction between   a public listed company(say A ltd)  and a public company(say B ltd)  in which there are common directors & members.  am i right?