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sec 301

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(Querist)
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?
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Ankur Garg

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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
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saurabh

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saurabh (Expert)
24 July 2009 agree with Ankur Ji
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