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If the circumstances are of urgent necessity the prior approval of the Board is not required but the consent should be obtained within three months by a resolution passed in the board meeting.

But where a company requires the previous approval of central government this relaxation shall not apply. or more are required to obtain prior approval from the Central Government (power delegated to the Regional Director) for entering into contracts covered under section 297. 24 of the companies’ general rules and forms along with a copy of board resolution and copy of agreement to be entered into should be filed. 394AA would be enough and no separate approval under section 297 would be required.

24AA at the Board meeting in which contract is approved.

Or if, he is not present at that meeting, he should disclose his nature of interest at the first Board meeting after he becomes interested.

However, for a contract or agreement whose value does not exceed Rs. They may assist your dental professional to ascertain a highly effective plan for treatment which works for you.


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