Disclosure of interest in form 24aa

This query is : Resolved

Shyam Lal Naik (Querist)
Follow

23 June 2012 Whether a director, who has resigned from the Board is required to give notice in form 24AA.

For eg. Company X has 3 directors, namely A, B and C. All of them had given notice in form 24AA on 31/03/11. Director C resigned on 31/08/11. Whether C is required to give notice in form 24AA as at 31/03/2012.

Auditor insisting on the notice from directors, who have already resigned. Please guide?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

24 June 2012 No director C is not required to give declaration in form 24AA as at 31/03/2012 as he resigned well before that.

Shyam Lal Naik

Shyam Lal Naik (Querist)
Follow

24 June 2012 Thank You Mr. Gupta for your timely reply to this query as well as my query on declaration u/s 274(1)(g).

I have the same view as that of yours on both the questions.

Surprisingly, my auditor, one of the "BIG 4" have a different view.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

24 June 2012 In my view both these are not required as he is no more the director of the company.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now