Section 274(1)(g)
This query is : Resolved
28 May 2010
Whether the provisions of Section 274(1)(g) applies on a Private Company or not?
If any person is a director in a Public Company and has defaulted under this section, then whether he will be qualified for being appointed as a director in a private company as well or not?
If any person is a director in a Public Company and has defaulted under this section, then whether he will be qualified for being appointed as a director in a private company as well or not?
02 June 2010
A)The provision is applicable to those private companies which are subsidiaries of a public company.
A private company may however through its AOA provides that provision of section 274(1)(g) will apply to it.
B) He can be appointed as a director, provided the private company is not a subsidiary of a public company.
Thank You
A private company may however through its AOA provides that provision of section 274(1)(g) will apply to it.
B) He can be appointed as a director, provided the private company is not a subsidiary of a public company.
Thank You
Message likes :
1 times
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
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
