Disclosure of director's interest - s 184(1)

YES

As per Section 184 of the Companies Act, 2013, every director of the Company shall disclose his concern or interest in any Company or Companies or Bodies Corporate (including shareholding interest), Firms or other Association of Individuals, by giving a notice in writing in Form MBP 1 pursuant to Section 184 (1) and rule 9(1) of Companies (Meetings of Board and its Powers) Rules, 2014.

The related section puts a burson over the directors everytime their interest changes. The reading of section says that even if the directors have invested in the shares for trading purpose, they need to disclsoe the same to the company. Moreover every time whenever their interest change, they need to disclsoe the same and the board is to take note of the ame in the next board meeting to be held after the disclosure is being given by the directors.

It was expected that such compliance will be removed from the prview of private limited companies after amendments in Companeis Bills to be passed by parliamnet. but no such initiative had been taken by the government/ MCA in this regard in december session and still the same need to be filed by directors to the company.

Originally posted by : CS Mitesh Mehta
	YES As per Section 184 of the Companies Act, 2013, every director of the Company shall disclose his concern or interest in any Company or Companies or Bodies Corporate (including shareholding interest), Firms or other Association of Individuals, by giving a notice in writing in Form MBP 1 pursuant to Section 184 (1) and rule 9(1) of Companies (Meetings of Board and its Powers) Rules, 2014.

dear sir.

Mere holding concern or interesr in any body corporate/firm/association of individuals need to be disclosed by the director ,though not entering into any contracts or arrangements with them,at times as prescribed in the act?

Thanks In Advance.