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Sec 297 URGENT

Priya Sharma (Company Secretary & Student.MBA) (998 Points)

20 August 2009

A Pvt Co. is using the Trademark of one of its director and they are paying royalty to her, so in this case as per the Companies Act , do we need to file any thing under sec 297(Related Party Transaction)?or does this attracts any other provisions on Co. Law???

Is trademark a movable property??

Pls solve this query

Regards

Priya

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jugal chandak (article) (48 Points)
Replied 26 August 2009

section 297 applies in case of sale purchase supply of good material and services or underwritting in share in or debenture of the company ..........trade mark is not goods so 297 will not b attracted but section 300 will b attracted

Originally posted by :Priya Sharma
"	A Pvt Co. is using the Trademark of one of its director and they are paying royalty to her, so in this case as per the Companies Act , do we need to file any thing under sec 297(Related Party Transaction)?or does this attracts any other provisions on Co. Law??? Is trademark a movable property?? Pls solve this query Regards Priya	"