Is 184 section applies to section 8 company also?
This query is : Resolved
09 October 2014
Is 184 section applies to section 8 company (with charitable object) also?
CS Mitesh Mehta
(Expert)
09 October 2014
Yes. Section 184 relating to disclosure requirement by directors is applicable to Section 8 company
CS Mitesh Mehta
(Expert)
09 October 2014
184. (1) Every director shall at the first meeting of the Board in which he participates as a director and thereafter at the first meeting of the Board in every financial year or whenever there is any change in the disclosures already made, then at the first Board meeting held after
such change, disclose his concern or interest in any company or companies or bodies corporate, firms, or other association of individuals which shall include the shareholding, in
such manner as may be prescribed.
such change, disclose his concern or interest in any company or companies or bodies corporate, firms, or other association of individuals which shall include the shareholding, in
such manner as may be prescribed.
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