Indirect Interest under sec 299

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I have few doubts regarding disclosure to be made under section 299

Section 299 states that a Director in given genral notice in Form 24AA with following details:

1.Name of the Bodies Corporate wherein he is a Director

2.Name of the Bodies Corporate wherein he is a Member

3.Name of the firms wherein he is a partner / member

The form 24 AA also mention the word relative. I wolud like to know how does relatives come into picture. Do we also have to disclose the name of the companies in which the relative is a director or member while giving general notice.?

Somebody please clarify this.

Please explains how the Directors are interested indirectly?

 

Replies (2)

YA U ALSO NEED TO MENTION  Bodies corporate in which  relatives are directors &  Name of firms in which  relative is partner. COZ RELATIVE BEING MEMBER OANY OTHER CO. OR FIRM, MAKES THE DIRECTOR INDIRECTLY INTERESTED IN THT CO. OR FIRM.

Thanks for the reply


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