Sec. 299 & 274 (1) (g)
This query is : Resolved
17 March 2012
Dear Experts,
Kindly guide me... whether disclosure of directors need to be taken from directors of unlisted Company also.
Or it is applicable only for Listed Companies.
Thanks & Regards,
Siddhi
Kindly guide me... whether disclosure of directors need to be taken from directors of unlisted Company also.
Or it is applicable only for Listed Companies.
Thanks & Regards,
Siddhi
17 March 2012
Section 299 is applicable to all the Company.
17 March 2012
Applicable to every company......
17 March 2012
Hi
Section 274(1)(g):
The Department of Company Affairs vide its General Circular No. 2/5/2001-CL.V, clarifies that the provisions of section 274 of the Companies Act, 1956 were amended through Companies (Amendment) Act, 2000, w.e.f. 13-12-2000 and a new clause (g) was inserted to sub-section(1) of this section. Through this clause a director of the public company, which has made default in filing of annual accounts and annual returns and in repaying deposits/interest thereon on due date or redeeming its debentures on due date or in paying dividend for period specified in that section, is disqualified to be appointed as a director of other public companies for a period of 5 years from the date such public company so defaulted.
Regards
Section 274(1)(g):
The Department of Company Affairs vide its General Circular No. 2/5/2001-CL.V, clarifies that the provisions of section 274 of the Companies Act, 1956 were amended through Companies (Amendment) Act, 2000, w.e.f. 13-12-2000 and a new clause (g) was inserted to sub-section(1) of this section. Through this clause a director of the public company, which has made default in filing of annual accounts and annual returns and in repaying deposits/interest thereon on due date or redeeming its debentures on due date or in paying dividend for period specified in that section, is disqualified to be appointed as a director of other public companies for a period of 5 years from the date such public company so defaulted.
Regards
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