Sec 299 - Form 24AA
This query is : Resolved
17 February 2010
Dear Sir/madam,
Mr.1 is director of A Ltd (and holds 70% PU Cap.).
Mr.2 is Mr.1s Son.
Mr.2 is director of a B Ltd.(Mr.2 has nil holding in both companies)(Mr.1 has 1% holding in B Ltd.)
Does Mr.1 declare about B Ltd. in his Form 24AA, As his Son is director of B Ltd?
Kindly clarify.
Regards,
Vignesh J
Mr.1 is director of A Ltd (and holds 70% PU Cap.).
Mr.2 is Mr.1s Son.
Mr.2 is director of a B Ltd.(Mr.2 has nil holding in both companies)(Mr.1 has 1% holding in B Ltd.)
Does Mr.1 declare about B Ltd. in his Form 24AA, As his Son is director of B Ltd?
Kindly clarify.
Regards,
Vignesh J
17 February 2010
Yes it is very much required to be disclosed by Mr. A in form 24AA because of his relation with Mr. B.
Regards
Regards
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