TMI BlogAPPLICABILITY OF SECTION 297(1)X X X X Extracts X X X X X X X X Extracts X X X X ..... APPLICABILITY OF SECTION 297(1) X X X X Extracts X X X X X X X X Extracts X X X X ..... LTD. is going to sell its product to ABC INDUSTRIES a PARTNER SHIP FIRM in which DIRECTORS of XYZ PVT. LTD. are PARTNERS whether SECTION 297 (1) is applicable and permission of central government requ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ired? Paid Up Capital of XYZ Pvt. Ltd. is above Rs. 1.00 crore. Reply By Anish Lodha: The Reply: Yes section 297(1) is applicable and permission of central government is required. Regards, Anish ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Lodha X X X X Extracts X X X X X X X X Extracts X X X X
|