Appointment of additional director
This query is : Resolved
VARSHA AGRAWAL
(Querist)
11 January 2015
Whether we have to file two MGT-14 in case of appointment of additional director, i.e. one MGT-14 for appointment and another for Disclosure of Interest in MBP-1 ??
CS Mitesh Mehta
(Expert)
12 January 2015
In case of appointment of additional director no need to file MGT 14
MGT 14 is required to be filed for filing of Board resoltuion for noting of discloure of interest received from additional director
MGT 14 is required to be filed for filing of Board resoltuion for noting of discloure of interest received from additional director
Message likes :
1 times
VARSHA AGRAWAL
(Querist)
12 January 2015
Sir, it means I do not require to file MGT14 for appointment rather I have to file for disclosure of interest.
VARSHA AGRAWAL
(Querist)
12 January 2015
If I have appointed Add. Director in Nov.2014 then I can hold board meeting in Jan,2015 or there is any day limit for collecting of disclosure of interest from upcoming director
CS Mitesh Mehta
(Expert)
12 January 2015
As per the provisions of Section 184 and Section 189(2) of the Companies Act, 2013,every director shall at the first meeting of the Board in which he participates as a director disclose his concern or interest in any company or companies or bodies corporate.
Although the statutory provisions under Section 184 nowhere mentions the requirement of disclosure at the time of
appointment of the Director, However, Form DIR-12 (Form for Intimation for the appointment and resignation etc. of directors)require the Director to disclose his concern or interest.
Therefore for the better Compliance, the company should take Disclosure pursuant to section 184(1) from the Director in
Form No. MBP-1 at the time of his appointment
Although the statutory provisions under Section 184 nowhere mentions the requirement of disclosure at the time of
appointment of the Director, However, Form DIR-12 (Form for Intimation for the appointment and resignation etc. of directors)require the Director to disclose his concern or interest.
Therefore for the better Compliance, the company should take Disclosure pursuant to section 184(1) from the Director in
Form No. MBP-1 at the time of his appointment
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
