Filing of form mbp1

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 June 2014 Sir,
Is it necessary for every director to disclose his interest in form MBP1 even if he/she is existing director of the company and he/she is not interested in any contract the company is entring into or has entered into.

02 June 2014 Yes, it is mandatory for every director to disclose his interest in other entities in form MBP 1 . But the section speak about the filing of Board resolution and not the filing of Form MBP 1 with ROC.

Under Section 184, 117 (3) (g) read with Section 179 (3) (k) and rules thereof, it is required to file Board Resolution of taking note of such discloser in form MGT-14.

Regards
Chandani saruparia
CS, LLB, MBA

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 June 2014 Sir,
If the director does not have any interest in any other entity then also he/she has to give a declaration to that effect stating no interest in any other entity.

01 August 2014 Yes. It is necessary. Even if the director does not have any interest in any other entities, a NIL declaration should be placed.

Form MBP-1 needs to be placed in the first Board meeting of the Financial Year.

Further, the resolution taking note of such declaration (in form MBP-1 needs to be filed with the ROC within 30 days of the board meeting.

As CS Chandani clearly said, only the resolution needs to be filed with the RoC.

01 August 2014 Yes. It is necessary. Even if the director does not have any interest in any other entities, a NIL declaration should be placed.

Form MBP-1 needs to be placed in the first Board meeting of the Financial Year.

Further, the resolution taking note of such declaration (in form MBP-1 needs to be filed with the ROC within 30 days of the board meeting.

As CS Chandani clearly said, only the resolution needs to be filed with the RoC.

01 August 2014 Yes. It is necessary. Even if the director does not have any interest in any other entities, a NIL declaration should be placed.

Form MBP-1 needs to be placed in the first Board meeting of the Financial Year.

Further, the resolution taking note of such declaration (in form MBP-1 needs to be filed with the ROC within 30 days of the board meeting.

As CS Chandani clearly said, only the resolution needs to be filed with the RoC.

01 August 2014 Yes. It is necessary. Even if the director does not have any interest in any other entities, a NIL declaration should be placed.

Form MBP-1 needs to be placed in the first Board meeting of the Financial Year.

Further, the resolution taking note of such declaration (in form MBP-1 needs to be filed with the ROC within 30 days of the board meeting.

As CS Chandani clearly said, only the resolution needs to be filed with the RoC.

01 August 2014 Yes. It is necessary. Even if the director does not have any interest in any other entities, a NIL declaration should be placed.

Form MBP-1 needs to be placed in the first Board meeting of the Financial Year.

Further, the resolution taking note of such declaration (in form MBP-1 needs to be filed with the ROC within 30 days of the board meeting.

As CS Chandani clearly said, only the resolution needs to be filed with the RoC.

01 August 2014 Yes. It is necessary. Even if the director does not have any interest in any other entities, a NIL declaration should be placed.

Form MBP-1 needs to be placed in the first Board meeting of the Financial Year.

Further, the resolution taking note of such declaration (in form MBP-1 needs to be filed with the ROC within 30 days of the board meeting.

As CS Chandani clearly said, only the resolution needs to be filed with the RoC.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details