297 - Guidance

Sl. No.	Companies as two parties to the contract	The Company/ companies to which the section applies	Consents/ Approvals needed
1	2	3	4
1.	Private Company with paid-up capital of less than Rs. 1 crore (A) Public Company with paid-up capital of less than Rs. 1 crore (B).	Only B	Board's consent only
2.	Private Company with paid-up capital of less than Rs. 1 crore (A) Public Company with paid-up capital of Rs. 1 crore or more (B).	Only B	Board's consent and Central Govern-ment's previous approval.
3.	Private Company with paid-up capital of Rs. 1 crore or more (A). Public Company with paid-up capital of less than Rs. 1 crore (B).	Only B	Board's consent only
4.	Private Company with paid-up capital of Rs. 1 crore or more (A). Public Company with paid-up capital of Rs. 1 crore or more (B).	Only B	Board's consent and Central Government's previous approval
5.	Private Company with capital of less than Rs. 1 crore (A). Private Company with paid-up capital of less than Rs. 1 crore (B).	Both A and B	Board's consent of both the companies
6.	Private Company with paid-up capital of less than Rs. 1 crore (A). Private Company with paid-up capital of Rs. 1 crore or more (B).	Both A and B	Board's consent of both the companies and Central Government's previous approval by Company B
7.	Private Company with paid-up capital of Rs. 1 crore or more (A). Private Company with paid-up capital of Rs. 1 crore or more (B).	Both A and B	Board's consent and Central Government's previous approval by both the companies
8.	Public Company with paid-up capital of less than Rs. 1 crore (A). Public Company with paid-up capital of less than Rs. 1 crore (B).	Neither Company	Neither Board's consent nor Central Government's previous approval by either company
9.	Public Company with paid-up capital of less than Rs. 1 crore (A). Public Company with paid-up capital of Rs. 1 crore or more (B).	Neither Company	Neither Board's consent nor Central Government's previous approval by either company
10.	Public Company with paid-up capital of Rs. 1 crore or more (A). Public Company with paid-up capital of Rs. 1 crore or more (B).	Neither Company	Neither Board's consent nor Central Government's previous approval by either company