BHAVINI SHAH (Company Secretary) (193 Points)
26 April 2012
Can anybody comment on the necessity of complying with section 305 of the companies act by a director of a private limited company.
also how important is it for a private company to avail the same (disclosure) from the director.
Practically do companies other than the listed ones ask their directors to comply with the said section?
CS Mitesh Mehta
(Company Secretary)
(17139 Points)
Replied 26 April 2012
Section 305 casts a duty on the directors, manager and secretary to disclose to a company the acquisition or relinquishment of the specified offices in other companies, with a view to enabling the company to comply with the requirements of Section 303.
CAclubindia
