Disclosure by an independant director
This query is : Resolved
ARUN KUMAR MAITRA
(Querist)
19 May 2012
Is the Independant Director of an unlisted company liable to submit a declaration to the Board about the nature of transactions entered into with the other companies in which he was a common director? Whether such transactions include claim for reimbursement made by one company to the other?
C.S. A.K.Maitra
C.S. A.K.Maitra
Ajay Mishra
(Expert)
20 May 2012
Hi
Yes, it is required to disclose the interest of Independent director in other company ans such disclosure will be placed before the Board for taking into account .
Yes, it is required to disclose the interest of Independent director in other company ans such disclosure will be placed before the Board for taking into account .
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