https://www.taxtmi.com/news?id=2040 Online approval under Section 297 is available through a new e form capturing contract terms, board and shareholder resolutions and certified by a practicing professional; the company must obtain shareholder special resolution confirming arm's length competitive terms, non default and statutory filings, applicability under Section 297 and compliance with other Companies Act provisions, pay the prescribed fee, and approvals will be processed and communicated online on the basis of company declarations and professional certification, with false statements attracting penalties under Section 297 and Section 628. en-us Tue, 26 Jul 2011 17:09:36 +0530 Tue, 26 Jul 2011 17:09:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2040 Online approval under Section 297 is available through a new e form capturing contract terms, board and shareholder resolutions and certified by a practicing professional; the company must obtain shareholder special resolution confirming arm's length competitive terms, non default and statutory filings, applicability under Section 297 and compliance with other Companies Act provisions, pay the prescribed fee, and approvals will be processed and communicated online on the basis of company declarations and professional certification, with false statements attracting penalties under Section 297 and Section 628. News - Tue, 26 Jul 2011 17:09:36 +0530 https://www.taxtmi.com/news?id=2040