Sec. 299
This query is : Resolved
08 February 2010
Dear Sir,
A Ltd (5 lac pu capital) contracts with B Ltd. (5 lac pu capital).
Mr.P is one the directors of A Ltd.(He is not director of B Ltd.)
Mrs.S is mother of Mr.P and she holds 5% holding in B Ltd.(She is not director of B Ltd.)
Has Mr.P disclose this in Board Meeting.
Regards,
Vignesh.J
A Ltd (5 lac pu capital) contracts with B Ltd. (5 lac pu capital).
Mr.P is one the directors of A Ltd.(He is not director of B Ltd.)
Mrs.S is mother of Mr.P and she holds 5% holding in B Ltd.(She is not director of B Ltd.)
Has Mr.P disclose this in Board Meeting.
Regards,
Vignesh.J
08 February 2010
Yes.
Disclosure of interest in the transaction from Mr. P is required due to the language of sub-section (6) of section 299.
Disclosure of interest in the transaction from Mr. P is required due to the language of sub-section (6) of section 299.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- Specified Profession
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Tax liability on income of freelancer
- Loan by Partnership Firm
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
