B S VISWANATH (www.financialtherapy.in) (184 Points)
11 July 2012
Parashar
(Company Secretary 2004)
(1013 Points)
Replied 11 July 2012
think green be green
Tehsinkhan Pathan
(CA CMA DISA(ICAI) B.COM)
(3956 Points)
Replied 11 July 2012
Firtstly, sec - 297 is applicable to both public and private companies......
But in the definition of specified parties, public company is not covered
so if contract is entered between 1. private and public 2. public and public then this section is not applicable.
In summary, if other party is public co. then sec - 297 is not applicable
CAclubindia
