sec 301
This query is : Resolved
24 July 2009
whether transaction of directors having less than 2% holding but have substantial interest in company shall be disclosed in register maintained u/s 301?
Ankur Garg
(Expert)
24 July 2009
Hi,
Yes. It is very much required to be disclosed.
Entry in Section 301 register desired where section 297 and 299 is attracted. So if a director is directly or indirectly interested in a contract disclosure u/s 299 is required and accordingly entry is required to be made in Section 301 register.
Regards
Yes. It is very much required to be disclosed.
Entry in Section 301 register desired where section 297 and 299 is attracted. So if a director is directly or indirectly interested in a contract disclosure u/s 299 is required and accordingly entry is required to be made in Section 301 register.
Regards
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