Declarations byr directors in merged companies
This query is : Resolved
I.V. Chandra Sekhar
(Querist)
05 January 2012
As part of Merger, X Ltd. merged with Y Ltd. Due to this effect all the directors of X Ltd. became the directors of Y Ltd.
In such a case, is it necessary to obtain the declarations from the directors of Y Ltd. (transferred from the erstwhile X Ltd.) regarding the directorship details of other companies which is required under Sec.274(1)(g) in Form - DD-A and Sec.299 in Form 24AA of the Companies Act 1956. Please clarify on the below issue.
In such a case, is it necessary to obtain the declarations from the directors of Y Ltd. (transferred from the erstwhile X Ltd.) regarding the directorship details of other companies which is required under Sec.274(1)(g) in Form - DD-A and Sec.299 in Form 24AA of the Companies Act 1956. Please clarify on the below issue.
CS Suraj Arora
(Expert)
05 January 2012
Dear
There is no need of Declaration by Directors of Amalgamted Company If they have at the Begining of the Year have made Such declaration.
However If they they have entered in to new Office of Directors or Become interseted or Concerened in any way in new entities then they have to made Declaration regarding this.
Regards
There is no need of Declaration by Directors of Amalgamted Company If they have at the Begining of the Year have made Such declaration.
However If they they have entered in to new Office of Directors or Become interseted or Concerened in any way in new entities then they have to made Declaration regarding this.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- ETDS return q4 25-26
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
