Director's disclosure under section 184(1) of the c.a, 2013
This query is : Resolved
12 June 2014
Whether a director needs to disclose even his holding of 1 share in Reliance Industries Limited in MBP-1.
Sandeep Dharar
(Expert)
12 June 2014
Yes Khusboo he must disclose all the information.
12 June 2014
"Interest" per section 184(1) should be an interest conflicting with duty as director.
A directors duty in a company will not conflict in a case wherein he/she holds one share in another company like Reliance.
Therefore,Director's holding one share in other companies is outside the purview of 184(1).
Solicit views from other experts.
A directors duty in a company will not conflict in a case wherein he/she holds one share in another company like Reliance.
Therefore,Director's holding one share in other companies is outside the purview of 184(1).
Solicit views from other experts.
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