24 July 2009
whether transaction of directors having less than 2% holding but have substantial interest in company shall be disclosed in register maintained u/s 301?
Entry in Section 301 register desired where section 297 and 299 is attracted. So if a director is directly or indirectly interested in a contract disclosure u/s 299 is required and accordingly entry is required to be made in Section 301 register.
CAclubindia
