Exemption notification issued by mca on 05-06-2015

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NIRANJAN KUMAR (Querist)
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10 June 2015 Good morning Friends,
As per exemption notification issued by MCA as on 05/06/2015, section 117(3)(g) shall not apply on private company. As per exemption notification resolutions passed under section 179(3) are not required to file with registrar of company.
Section 179(3) provides for certain transaction for which resolution required to file with registrar including any other matter which may be prescribed (PRESCRIBED IN RULE 8 OF Companies rule 2014) (Meetings of Board and its Powers)
As per rule 8 of company rule 2014 board required to file a resolution for to take note of the disclosure of director’s interest and shareholding;
Now my question is that whether company is required to file MGT-14 to take note of the disclosure of director’s interest and shareholding. Because as per exemption notification section 179(3) shall not apply on private company and section 179(3) includes rule 8 of company rule 2014.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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10 June 2015 As per circular dated 19.03.2015, now no need to file form MGT 14 for :-

- to take note of the disclosure of director’s interest and shareholding.

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