• Filter Your Search
            
       
 
Notifications
(0)
Circulars
(0)
Orders
(0)
News
(0)
Queries
(0)
No updates found in last 7 days.
Notifications|Circulars|Orders|News|Queries


Q & A

 
2018 Views 2 Ans

? Do additional directors (Independent) need to disclose their interest in first board meeting held after their appointment?

Section 184- Disclosure of interest by director.

Posted By: Prekshi gupta 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


    RAMAMURTHY

This is a very interesting question. To appoint a person as an independent director, the company needs to know his business interests and establish his independence. This in itself is indicative that the Board has taken note of the interests of the director concerned. However, there should be formal declaration. So when a person's name is considered, in case there is already the declaration in formal way DIR-8 is taken, then the same could satisfy the requirements for filing MBP-1with MGT-14. However, if the company and its directors/CS want to be procedurally compliant, then after communication of appointment in a formal way, the declaration could be taken and brought in the board meeting. This is required to be clarified by MCA.

  • Comment
  •   Comment (0)

    Swati

Under section 184 of the Companies Act, 2013, every director shall at the first meeting of the board in which he participates as a director, he shall disclose his interest. Director includes all directors whether it is Additional director or any other director.

  • Comment
  •   Comment (0)

Recently Active Member

Recently Active Member

Pramod Prabhudesai
B D Jokhakar & Co

Post Your Question
My Q&A
 


Topic

Sections

About Q&A

Q & A is a unique platform to get your answers. You can create questions by topics or sections for easy identification of your query . You get various alerts to keep you connected and can also search your query.


So keep posting and stay connected
#
Companies Act 2013/1956
Decoding the New Act
Resource Center
My Section
Information Cafe
Calculators


COPYRIGHT NOTICE: All information and material posted in this website (including but not limited to text, audio, video or graphical images), are subject to copyrights owned by Corporate Professionals eSolutions Private Limited, its affiliates and associates. Any reproduction, retransmission, republication, or other use of all or part of this document is expressly prohibited, unless prior permission has been granted by Corporate Professionals eSolutions Private Limited. All other rights reserved.

© Corporate Professionals eSolutions Pvt Ltd. | All Rights reserved
Scroll