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Resignation of director

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Querist : Anonymous

Querist : Anonymous (Querist)

30 January 2015 I have a Query that whether we also have to file Form MGT-14 in case of Director's Resignation because as per section 179(3)(K) read with rule 8(5) of Companies (Meetings of Board and its Powers) Rules, 2014 we have to file form MGT-14 (to take note of the disclosure of director's interest and shareholding) under section 184 (1) it is mentioned that whenever there is any change in the disclosures already made, then at the first BM held after such change disclose his concern or interest in such manner as may be prescribed.

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CA NAVEEN SINGLA

CA NAVEEN SINGLA (Expert)

30 January 2015 Yes MGT-14 has to be filed only & if such person is also director in other companies.

The company from which director resigned is not required to file MGT-14 but all other companies in which such person is director are required to file MGT-14.

Hopefully u must have understood the concept

Querist : Anonymous

Querist : Anonymous (Querist)

31 January 2015 Thanks for clearing my doubt.

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