Disclosure by an independant director
This query is : Resolved
19 May 2012
Is the Independant Director of an unlisted company liable to submit a declaration to the Board about the nature of transactions entered into with the other companies in which he was a common director? Whether such transactions include claim for reimbursement made by one company to the other?
C.S. A.K.Maitra
C.S. A.K.Maitra
20 May 2012
Hi
Yes, it is required to disclose the interest of Independent director in other company ans such disclosure will be placed before the Board for taking into account .
Yes, it is required to disclose the interest of Independent director in other company ans such disclosure will be placed before the Board for taking into account .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
