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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details