Disclosure norms

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Querist : Anonymous

Querist : Anonymous (Querist)

20 June 2012 Could anybody throw some light on the difference between disclosure norms for private ltd co and public ltd co??

Ajay Mishra

Ajay Mishra (Expert)
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20 June 2012 Hi

Disclosure norms will apply on both public as well as private.

For more details read article in following link:

https://www.caclubindia.com/articles/critical-study-of-disclosure-of-interest-by-a-director-u-s-299-of-companies-act-14098.asp

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Querist : Anonymous

Querist : Anonymous (Querist)

20 June 2012 that means there is no difference in disclosure norms for pvt and public? both are required to disclose in the same way?

Ajay Mishra

Ajay Mishra (Expert)
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20 June 2012

Section 299 relating to disclosure of interest by directors will apply to public and private limited company.

This provision will not apply to section 25 company.

Querist : Anonymous

Querist : Anonymous (Querist)

20 June 2012 thanku...any other diff of disclosure btn private and public? i'm mainly looking at the differnce in disclosure norms for the two

Ajay Mishra

Ajay Mishra (Expert)
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20 June 2012

Yes section 274(1) (g) in which director give Form-DDI that he is not disqualified under this section.

This sub section will apply only to public company. For more details go to my profile and see my article on 274(1) (g).

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