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Declaration of directorship - urgent

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CA Nayan Ratandhayara

Director

83 Points Posted on 03 May 2012

As per The Companies Act, 1956 Every director has to submit FORM 24AA & FORM DDA annualy.

Whether an Individual who is director in foreign company has to declare his directorship in foreign company to an Indian company in which he is also a director ???

Is this mandatory or optional to declare about foreign directorship ?

Thanking you in anticipation.

Replies (1)

SUNIL KUMAR JAIN

PRACTISING COMPANY SECRETARY

152 Points Posted on 03 May 2012

Dear Mr. Nayan,

Directorship in Foreign Companies is to be disclosed. Please go through provisions of Section 299 of the Companies Act,1956throughly.Please read Section 299(3)(a) which requires General notice ...x....x...director or a member of a specified body corporate...x....x....

Please read the defination of the term 'Body Corporate' in Section 2(7) " body corporate" or 'corporation" includes a company incorporated outside India....."

Regards,

Sunil K. Jain,

Practising Company Secretary,

9810104162;skj13 @ rediffmail.com