Online approval under section 297 requires shareholder special resolution and professional certification before ministerial consent is granted. An electronic filing procedure for Central Government consent under section 297 requires an e form capturing contract terms, board and special resolutions and a practising professional's certification of correctness; companies must record that the contract is competitive, at arm's length, free of conflict and within the scope of section 297, and approvals will be issued online based on these declarations, with penal consequences for false information or certification under statutory and professional regulatory provisions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Online approval under section 297 requires shareholder special resolution and professional certification before ministerial consent is granted.
An electronic filing procedure for Central Government consent under section 297 requires an e form capturing contract terms, board and special resolutions and a practising professional's certification of correctness; companies must record that the contract is competitive, at arm's length, free of conflict and within the scope of section 297, and approvals will be issued online based on these declarations, with penal consequences for false information or certification under statutory and professional regulatory provisions.
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