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As-18

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(Querist)
06 December 2012 sir, is disclosure required for payment of salary to director's wife and director's father having .01% shareholding????
please reply
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Abhijit

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Abhijit (Expert)
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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kunal

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kunal (Querist)
06 December 2012 thank you sir
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