director buying shares of other companies

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 July 2010 what are the statutory compliances by
the Director of Pvt Ltd Company who is buying the shares of others Pvt Ltd company?.......

22 July 2010 he can buy any pvt. co. shares if the co. not related

22 July 2010 but director should disclouse his shareholding in various companies.

22 July 2010 24AA - annual disclosure.

Details can be provided once at the beginning of the year in the above form.

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 July 2010 but what if the other company is related????????????????

22 July 2010 does not make any difference

23 July 2010 Agree with expert Rasesh. You have to disclose the shareholding of director irrespective of his status in the other company through form 24AA.

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