Disclosure of foreign shareholding

[Rajesh]

Dear all,

If a director of an Indian company, holds  shares in a foreign company, is it mandatory to disclose the same in his Annual disclosures ??

Please share your views on the same.

Regards,

Rajesh R

[jm sundaram]

Hai

Sec 184

disclose his concern or interest (including shareholding) in any Company or Companies; Bodies Corporate; Firms; other Association of Individuals in such manner as may be prescribed.

Read more at: https://taxguru.in/company-law/disclosure-interest-director-companies-act-2013.html
Copyright © Taxguru.in

A foreign company is also a company/body corporate.   so required. 

     Sundaram jm

Company Secretary 

LTG Infrastructure Limited

3,4,5 & 6, LTG Tower, IIIrd floor, BDA Outer ring road,

Near Kempegwoda Nagar arch, Laggere,

Bangalore 560058

Phone: 9845875796

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[Chary mG]

Yes. refer body corporate definition.

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