Sec 297 of companies act

Neha Agarwal (Querist) 04 January 2012 This query is : Resolved
Sir/Madam,

Please provide me the sample draft of agreement with regard to related party transaction between two pvt. companies as per section 297 of the companies act, 1956.

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Shailesh Kr. Shah (Expert) 04 January 2012
facts are missing.
It would be better in your own interest to take services of professional.

Deepak Nair (Expert) 04 January 2012
Dear Neha,
There is no specific format for the agreement governed by provisions of Sc.297.of Companies Act.

As commented by Mr.Shailesh, the purpose and other details are missing.

However, the section provides for santion from the BOD for agreement by company with certain parties and does not provide any format of agreement.