Mgt-14
This query is : Resolved
22 August 2014
Can anyone guide me whether to file MGT-14 in case of appointment of Director?
CS Mitesh Mehta
(Expert)
22 August 2014
Director appointed need to disclose his concern/interest in MBP-1.
Company need to pass Board resolution to take note of this disclosure received in MBP-1 and file copy of said board resolution in MGT 14
In case of Appointment of MD, Wholetime director MGT 14 need to be filed
Company need to pass Board resolution to take note of this disclosure received in MBP-1 and file copy of said board resolution in MGT 14
In case of Appointment of MD, Wholetime director MGT 14 need to be filed
22 August 2014
Thank u Mr. Mitesh, But i wanna to know that i already filled the MGT-14 for DSisclosure of Director's Interest and now new independant director is appointed so do i need to file MGT-14 again for the Board Resolution passed for Appointment of Director??
Ankur Garg
(Expert)
22 August 2014
Law related to filing of form MGT.14 under Companies Act, 2013 (22 July)
Filing of form MGT.14 is mandated by section 117 of the Companies Act, 2013. Section 117(2), prescribe the penalty for non-filing of form MGT.14.
As per Section 117(2), if a company fails to file the resolution or the agreement under sub-section (1) before the expiry of the period specified under section 403 with additional fee, the company shall be punishable with fine which shall not be less than five lakh rupees but which may extend to twenty-five lakh rupees and every officer of the company who is in default, including liquidator of the company, if any, shall be punishable with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.
For more clarity about form MGT.14 read my article available at the link mentioned below:
https://www.caclubindia.com/articles/list-of-resolutions-to-be-filed-with-roc-in-form-mgt-14-20664.asp#.U8O57KM27cs
Thanks
Filing of form MGT.14 is mandated by section 117 of the Companies Act, 2013. Section 117(2), prescribe the penalty for non-filing of form MGT.14.
As per Section 117(2), if a company fails to file the resolution or the agreement under sub-section (1) before the expiry of the period specified under section 403 with additional fee, the company shall be punishable with fine which shall not be less than five lakh rupees but which may extend to twenty-five lakh rupees and every officer of the company who is in default, including liquidator of the company, if any, shall be punishable with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.
For more clarity about form MGT.14 read my article available at the link mentioned below:
https://www.caclubindia.com/articles/list-of-resolutions-to-be-filed-with-roc-in-form-mgt-14-20664.asp#.U8O57KM27cs
Thanks
Message likes :
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Ankur Garg
(Expert)
23 August 2014
You are welcome Ekta.
Refer my article for appointment of Director:
https://www.caclubindia.com/articles/procedure-for-appointment-of-additional-director-in-ca-2013-20653.asp
Thanks
Refer my article for appointment of Director:
https://www.caclubindia.com/articles/procedure-for-appointment-of-additional-director-in-ca-2013-20653.asp
Thanks
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