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Sec 299 - Form 24AA

This query is : Resolved 
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(Querist)
17 February 2010 Dear Sir/madam,

Mr.1 is director of A Ltd (and holds 70% PU Cap.).

Mr.2 is Mr.1s Son.

Mr.2 is director of a B Ltd.(Mr.2 has nil holding in both companies)(Mr.1 has 1% holding in B Ltd.)

Does Mr.1 declare about B Ltd. in his Form 24AA, As his Son is director of B Ltd?

Kindly clarify.

Regards,
Vignesh J
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Ankur Garg

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Ankur Garg (Expert)
17 February 2010 Yes it is very much required to be disclosed by Mr. A in form 24AA because of his relation with Mr. B.

Regards
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Vignesh

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Vignesh (Querist)
17 February 2010 Thank you Sir.
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