Companies act 2013-mbp1
This query is : Resolved
08 September 2014
Dear Sir/Madam,
There is a company A Ltd, with two directors Mr X. & Mrs.X. They have a son Mr.Y who runs a proprietary concern B . A ltd & B enter into transactions.Whether this will be considered as a case of interested director as per section 184 and needs to be disclosed in MBP1. Also tell whether there is any more compliance.
Please answer this query at the earliest.
There is a company A Ltd, with two directors Mr X. & Mrs.X. They have a son Mr.Y who runs a proprietary concern B . A ltd & B enter into transactions.Whether this will be considered as a case of interested director as per section 184 and needs to be disclosed in MBP1. Also tell whether there is any more compliance.
Please answer this query at the earliest.
CS Divesh Goyal
(Expert)
08 September 2014
First am npt getting ypur question
how you are comparing transaction with mbp-1.
bcoz mbp-1 is a disclosure.
and your transaction is fron amy 8 transactions of Sec 188
u have to follow that sec
how you are comparing transaction with mbp-1.
bcoz mbp-1 is a disclosure.
and your transaction is fron amy 8 transactions of Sec 188
u have to follow that sec
08 September 2014
Disclosure under section 184 is not required since the director's have no stake in the concern B.
Message likes :
1 times
11 September 2014
Can you tell me the compliance if any related to section 188
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
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- 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
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
