Mbp -1
This query is : Resolved
19 August 2014
Dear sir,
In MBP 1,directors needs to disclose their interests in other companies.
Whether disclosure of Indian company is enough or we need to mention interests in Foreign Companies also?
Thank you
In MBP 1,directors needs to disclose their interests in other companies.
Whether disclosure of Indian company is enough or we need to mention interests in Foreign Companies also?
Thank you
19 August 2014
other companies means and includes foreign companies also
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19 August 2014
Disclosure of interest by director as per section 184(1) includes concern or interest in "body corporates". As per section 2(42), body corporate includes a company incorporated outside India. Therefore, disclosure through MBP-1 is required for foreign companies also.
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Rupesh Jain
(Expert)
20 August 2014
yes Mr warrier is right due to in definitions include all company.
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20 August 2014
Dear sir,
Whether directors have to show interest in Companies or they can show their interests in inviduduals(firms/proprietorship)?
Thank you
Whether directors have to show interest in Companies or they can show their interests in inviduduals(firms/proprietorship)?
Thank you
20 August 2014
Dear sir,
Whether directors have to show interest in Companies or they can show their interests in inviduduals(firms/proprietorship)-MBP - 1
Thank you
Whether directors have to show interest in Companies or they can show their interests in inviduduals(firms/proprietorship)-MBP - 1
Thank you
21 August 2014
Not company alone. Interest in firms and association of individuals also should be disclosed.
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