Disclosure of interest by directors and approval

manpreet.kaur (Student) (184 Points)

26 September 2012  
ABC LTD COMPANY WANTS TO ENTER INTO A CONTRACT OF SOME WORK TO BE DONE WITH A COMPANY WORTH RS 1 CRORE.. WHERE XYZ PVT LTD IS A PARTNER IN WHICH WIFE OF THE CHAIRMAN OF ABC LTD IS A DIRECTOR...(SO INDIRECTLY JOB IS BEING DONE THROUGH XYZ PVT LTD) WHETHER CENTRAL GOVT APPROVAL IS REQD OR BOARD APPROVAL IS SUFFICIENT... N WHAT DISCLOSURES ARE REQD TO BE MADE BY CHAIRMAN OF ABC LTD .....PLZ TELL IN BOTH CASES.. WHEN XYZ PVT LTD HOLDS MAJORITY SHARES i.e. 51% OR MINORITY SHARES i.e. 49% IN THAT COMPANY WITH WHICH ABC LTD IS ENTERING INTO CONTRACT WITH ... PLZ EXPLAIN WITH RELEVANT PROVISIONS..

Read more at: /forum/disclosure-of-interest-by-directors-221645.asp#.UGMW7q4rpdg
ABC LTD COMPANY WANTS TO ENTER INTO A CONTRACT OF SOME WORK TO BE DONE WITH A COMPANY WORTH RS 1 CRORE.. WHERE XYZ PVT LTD IS A PARTNER IN WHICH WIFE OF THE CHAIRMAN OF ABC LTD IS A DIRECTOR...(SO INDIRECTLY JOB IS BEING DONE THROUGH XYZ PVT LTD) WHETHER CENTRAL GOVT APPROVAL IS REQD OR BOARD APPROVAL IS SUFFICIENT... N WHAT DISCLOSURES ARE REQD TO BE MADE BY CHAIRMAN OF ABC LTD .....PLZ TELL IN BOTH CASES.. WHEN XYZ PVT LTD HOLDS MAJORITY SHARES i.e. 51% OR MINORITY SHARES i.e. 49% IN THAT COMPANY WITH WHICH ABC LTD IS ENTERING INTO CONTRACT WITH ... PLZ EXPLAIN WITH RELEVANT PROVISIONS..

Read more at: /forum/disclosure-of-interest-by-directors-221645.asp#.UGMW7q4rpdg
ABC LTD COMPANY WANTS TO ENTER INTO A CONTRACT OF SOME WORK TO BE DONE WITH A COMPANY WORTH RS 1 CRORE.. WHERE XYZ PVT LTD IS A PARTNER IN WHICH WIFE OF THE CHAIRMAN OF ABC LTD IS A DIRECTOR...(SO INDIRECTLY JOB IS BEING DONE THROUGH XYZ PVT LTD) WHETHER CENTRAL GOVT APPROVAL IS REQD OR BOARD APPROVAL IS SUFFICIENT... N WHAT DISCLOSURES ARE REQD TO BE MADE BY CHAIRMAN OF ABC LTD .....PLZ TELL IN BOTH CASES.. WHEN XYZ PVT LTD HOLDS MAJORITY SHARES i.e. 51% OR MINORITY SHARES i.e. 49% IN THAT COMPANY WITH WHICH ABC LTD IS ENTERING INTO CONTRACT WITH ... PLZ EXPLAIN WITH RELEVANT PROVISIONS..

Read more at: /forum/disclosure-of-interest-by-directors-221645.asp#.UGMW7q4rpdg
ABC LTD COMPANY WANTS TO ENTER INTO A CONTRACT OF SOME WORK TO BE DONE WITH A COMPANY WORTH RS 1 CRORE.. WHERE XYZ PVT LTD IS A PARTNER IN WHICH WIFE OF THE CHAIRMAN OF ABC LTD IS A DIRECTOR...(SO INDIRECTLY JOB IS BEING DONE THROUGH XYZ PVT LTD) WHETHER CENTRAL GOVT APPROVAL IS REQD OR BOARD APPROVAL IS SUFFICIENT... N WHAT DISCLOSURES ARE REQD TO BE MADE BY CHAIRMAN OF ABC LTD .....PLZ TELL IN BOTH CASES.. WHEN XYZ PVT LTD HOLDS MAJORITY SHARES i.e. 51% OR MINORITY SHARES i.e. 49% IN THAT COMPANY WITH WHICH ABC LTD IS ENTERING INTO CONTRACT WITH ... PLZ EXPLAIN WITH RELEVANT PROVISIONS..

Read more at: /forum/disclosure-of-interest-by-directors-221645.asp#.UGMW7q4rpdg
ABC LTD COMPANY WANTS TO ENTER INTO A CONTRACT OF SOME WORK TO BE DONE WITH A COMPANY WORTH RS 1 CRORE.. WHERE XYZ PVT LTD IS A PARTNER IN WHICH WIFE OF THE CHAIRMAN OF ABC LTD IS A DIRECTOR...(SO INDIRECTLY JOB IS BEING DONE THROUGH XYZ PVT LTD) WHETHER CENTRAL GOVT APPROVAL IS REQD OR BOARD APPROVAL IS SUFFICIENT... N WHAT DISCLOSURES ARE REQD TO BE MADE BY CHAIRMAN OF ABC LTD .....PLZ TELL IN BOTH CASES.. WHEN XYZ PVT LTD HOLDS MAJORITY SHARES i.e. 51% OR MINORITY SHARES i.e. 49% IN THAT COMPANY WITH WHICH ABC LTD IS ENTERING INTO CONTRACT WITH ... PLZ EXPLAIN WITH RELEVANT PROVISIONS..

Read more at: /forum/disclosure-of-interest-by-directors-221645.asp#.UGMW7q4rpdg

ABC LTD(90LAKH PAIDUP CAPITAL)  WANTS TO ENTER INTO A CONTRACT WORTH 1 CRORE WITH PQR PRIVATE LIMITED( PAIDUP CAPITAL 1 LAKH) IN WHICH XYZ PVT LTD IS A PARTNER WITH MAJORITY SHIARES........... THE WIFE OF THE CHAIRMAN OF ABC LIMITED IS A DIRECTOR IN XYZ LTD,, SO IN A WAY ABC LTD IS INDIRECTLY CONTRACTING WITH XYZ LIMITED.... WHETHER GOVT APPROVAL IS REQD OR BOARD APPROVAL IS SUFFICIENT???  IN CASE WIFE HOLDS MAJORITY AS WELL AS WHEN SHE HOLDS MINORITY SHARES IN XYZ LTD.. PLZ TELL DISCLOURE PROVISIONS AS WELL...