23 December 2010
If the director is a key management personnel or the director is owning interest in voting power,giving him control or significant influence over the enterprise, then payment to relative will come under the purview of AS-18 and accordingly disclosure of the amount should be made in Part B (II) (7) of e-form 23 ACA.
23 December 2010
Yes, disclosure is required to be given in Notes to account and Form 23 ACA as sir Said, but Form 23 generally no demand for such details.