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(Is it necessary to file MBP-1 with MGT 14 by every company who have taken a note and pass a Resolution on receipt of disclosure by the Director, who is holding directorship in ten Companies in case if he is resigned from any one Company?

Section 179- Powers of Board.

Posted By: Akansha 10 year(s) ago

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SUSHIL KUMAR ANTAL

No, please read section 117(1) which clearly says that a copy of every resolution or any agreement in respect of matter specified in sub-section (3) shall be filed with ROC within 30 days. So there is no need to file MBP-1 with MGT-14 but attached copy of resolution to take the note on disclosure of interest by director.

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Expert Ankit Singhi

Though it seems illogical but yes, every company is required to file MGT -14 only with the resolution and there is no clarity whether MBP-1 will be attached with MGT-14 or not.

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Pramod Prabhudesai
B D Jokhakar & Co

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