companies act
This query is : Resolved
05 August 2008
what is notice of discloser u\s 299 of cos act and why it is given within how much time?
S.Srinivasaraghavan
(Expert)
05 August 2008
The notice of disclosure is by a director stating that he is so and so holding so much of shares in the company and that he or his relative is a member having more than 2% shareholding interest in such and such companies or holding directorship in such and sucjh companies, where he is to be considered as interested by virtue of section 299. Such a notice is a general notice given at the first meeting of the Board of directors in a financial year.
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