BHAVINI SHAH (Company Secretary) (193 Points)
11 April 2012Form 24AA u/s 299 of the cos. act provides for the following
list of companies/firms in which the director is interested either directly/ through relative.
an illustration
in a private company where both husband and wife are directors,
should the wife mention the list of companies / firms in which her spouse is a director/member/partner in her form 24AA??
Mihir Doshi
(B.Com, CA, CS, LLB)
(2187 Points)
Replied 11 April 2012
Dear Bhavini,
You need to mention Names of the relatives, if any, holding office of profit in the Company and/or its Subsidiary(ies).
BHAVINI SHAH
(Company Secretary)
(193 Points)
Replied 12 April 2012
Dear Mr. Mihir,
A cousin (Mr. A) of director (Mr. B) who is also a director in the Company is being paid commission annually in the Company. So does that mean the director (mr. A) is holding a place of profit in the company?
So should director Mr. B mention the name of Mr. A in the form 24AA?
Anshu Shrivastava
(company secretary)
(143 Points)
Replied 13 April 2012
Dear Bhavini
In a private Co. where both husband and wife are directors
The Wife should disclose indirect interest also as being interested through husband.
but every detail need not be mentioned.
Pls find the attached format which requires disclosure of only the partnership firms of spouse and relatives.
Regards
Anshu
CAclubindia
