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Form mbp-1

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 January 2015 If the same director is resigning from two companies at the same time that is on the same day, are we required to provide MBP-1 i.e. disclosure of his interest in both the companies?? Kindly suggest
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
07 January 2015 When director resign, he has to give MBP 1 to other companies in which he is a director about the fact of resignation in 2 companies.

e.g. if A is director in x ,y, z if he resign from company x & y he has to give MBP 1 to company Z about disclosure of fact of his resignation in x & y.
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
07 January 2015 When director resign, he has to give MBP 1 to other companies in which he is a director about the fact of resignation in companies.

e.g. if A is director in x ,y, z if he resign from company x & y he has to give MBP 1 to company Z about disclosure of fact of his resignation in x & y.
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Querist : Anonymous

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Querist : Anonymous (Querist)
07 January 2015 alryt...but does he also need to provide MBP-1 to X informing he is also resigning from Y and vice-versa.

Thanks.
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Chetan Patankar

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Chetan Patankar (Expert)
08 January 2015 Inform in 2nd co.
Eg. A resigning from x at 9 a.m. and from y at 6 p.m. then send mbp 1 to y.
However, its too theoretical.
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