Disclosure of interest
Querist : Anonymous
In case of Disclosure of interest by foreign director, is it necessary to disclose his or his relatives shareholdings in a foreign Company.
Is disclosure necessary even if he or his relative holds 1 share?
Please clarify.
Thanks in advance.
With regard to shareholding, a director needs to disclose details of his shareholding in a company if he holds 2% or more shares.
Querist : Anonymous
Can you please tell me, where it is provided?
Disclosure of holding of more than 2% of shares is required when the director is interested or concerned in a contract or arrangement as per Section 184 (2).
But Section 184 (1), doesn't specifies such percentage of holding.
Please clarify
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