Anshu Shrivastava (company secretary) (143 Points)
30 March 2012I want to know when exactly is form dd-a is required to be prepared -at the time of appointment of directors/ re-appointment of directors or at the end of financial year or in all the situations.
What if the co. has nt taken Form DD-a at the time of appointments?
Neha Gupta
(PCS)
(377 Points)
Replied 30 March 2012
Dear,
just check out following link, hope you may get your answers
/experts/declaration-u-s-274-1-g-form-dd-a-form-24aa-427415.asp
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 30 March 2012
Hi,
As per Rule 9 of Companies (Disqualification of Directors under section 274(1)(g) of the Companies Act, 1956) Rules, 2003, it is Duty of every director in a public company registered under the Companies Act, 1956 to file Form 'DD-A', prescribed under these Rules, before he is appointed or re-appointed.
So Form DD-A is required to be filed at the time of Appointment and re-appointment of director.
Punishment for contravention of the Companies (Disqualification of Directors under section 274(1)(g) of the Companies Act, 1956) Rules, 2003.
As per rule 11, If a company or any other person contravenes any provision of these rules for which no punishment is provided in the Companies Act, 1956, the company and every officer of the company who is in default or such other person shall be punishable with fine which may extend to five thousand rupees and where the contravention is a continuing one, with a further fine which may extend to five hundred rupees for every day after the first, during which the contravention continues.
Regards
CAclubindia
