Sec. 299 & 274 (1) (g)

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siddhi08 (Querist)
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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

Charu Srivastava

Charu Srivastava (Expert)
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17 March 2012 Section 299 is applicable to all the Company.

Mihir Doshi

Mihir Doshi (Expert)
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17 March 2012 Applicable to every company......

Ajay Mishra

Ajay Mishra (Expert)
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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

siddhi08

siddhi08 (Querist)
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17 March 2012 thnx................. guys......

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