Solly Grace Mathew (CS) (20 Points)
14 February 2009
CS Arpita Rajpurohit
(Company Secretary)
(1111 Points)
Replied 14 February 2009
sec 297 is applicable in case co enters into any contract with interested directors....
in this case, no approval under sec. 297 is required.
NAVEEN NARANG
(COMPANY SECRETARY)
(71 Points)
Replied 14 February 2009
The approval will be required before any transaction after the induction of new director.
Solly Grace Mathew
(CS)
(20 Points)
Replied 16 February 2009
| Originally posted by :NAVEEN NARANG | ||
| " | The approval will be required before any transaction after the induction of new director. | " |
Hi,
then in the case of running contracts ? could u please expain this ?
Pavan Jain S
(Chartered Accountant)
(1575 Points)
Replied 16 February 2009
If the paid up capital of the private Limited Company is Rs. 1 crore or more, application has to be made before entering into any transaction with the said firm after the appointment of additional director.
BharatRaj Panchal
(trainee)
(40 Points)
Replied 09 March 2009
| Originally posted by :Arpita | ||
| " | sec 297 is applicable in case co enters into any contract with interested directors.... in this case, no approval under sec. 297 is required. |
" |
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