As-18
This query is : Resolved
06 December 2012
sir, is disclosure required for payment of salary to director's wife and director's father having .01% shareholding????
please reply
please reply
06 December 2012
Yes if director having substantial interest (20%)in the company, then it should necessary to disclose the nature of interest. And relatives includes spouse , father also. As it attract the some provisions of companies act.
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