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Companies Act.

(Querist) 04 June 2009 This query is : Resolved 
Section 297 is applicable if the transaction is between private company and public company or between two private companies.However, section 297 is exempt if the transaction is between two public company. i want to know reason behind it.
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Raj Kumar Makkad (Expert) 06 November 2009
Plz go through section which contains detailed reasons leading to exemption.
Gulshan Tanwar (Expert) 01 May 2010
Read my book titled "Company Law"

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