Sec 299 Disclosure of Interest by Director
This query is : Resolved
Aroop Datta
(Querist)
05 April 2010
Does disclosure under Sec 299 by Foreign Directors also include their interest in Foreign companies outside India or is restricted to only Indian companies disclosures.
Kindly let me know as I could not find whether foreign companies interest has also got to be included in the disclousre by Directors.
Does disclosure under Sec 299 by Foreign Directors also include their interest in Foreign companies outside India or is restricted to only Indian companies disclosures.
Kindly let me know as I could not find whether foreign companies interest has also got to be included in the disclousre by Directors.
Ankur Garg
(Expert)
07 April 2010
Dear Sir,
Your question is quite genuine. Going by the essence of section 299 disclosure under Sec 299 by Foreign Directors also include their interest in Foreign companies outside India.
According to me we can not restricted disclosure to Indian companies only.
This is my personal opinion. Views of other experts solicited.
Regards
Your question is quite genuine. Going by the essence of section 299 disclosure under Sec 299 by Foreign Directors also include their interest in Foreign companies outside India.
According to me we can not restricted disclosure to Indian companies only.
This is my personal opinion. Views of other experts solicited.
Regards
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