Easy Office
LCI Learning

director buying shares of other companies

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 July 2010 what are the statutory compliances by
the Director of Pvt Ltd Company who is buying the shares of others Pvt Ltd company?.......
Profile Image

CA. Anoop Gadia

Profile Image

CA. Anoop Gadia (Expert)
22 July 2010 he can buy any pvt. co. shares if the co. not related
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
22 July 2010 but director should disclouse his shareholding in various companies.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Rasesh

Profile Image

Rasesh (Expert)
22 July 2010 24AA - annual disclosure.

Details can be provided once at the beginning of the year in the above form.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
22 July 2010 but what if the other company is related????????????????
Profile Image

Rasesh

Profile Image

Rasesh (Expert)
22 July 2010 does not make any difference
Profile Image

Ankur Garg

Profile Image

Ankur Garg (Expert)
23 July 2010 Agree with expert Rasesh. You have to disclose the shareholding of director irrespective of his status in the other company through form 24AA.

Regards

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links