Resprcted Mam/Sir
Its is mandatory for private companies having paid up capital of Rs 100,000 to file MGT-14 for Disclosure of interest in First board meeting. If yes kindly mention the provisions apllicable.
Thanking you.
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Filing of mgt-14
Replies (6)
refer section 184(1) and rule9(1) of companies act..
I think Sec 184 is applicable to all the cos , therfore even private cos are required to comply the same...
Section 184 talks about doisclosing your interst whereas Section 179(3) talks about powers of Board to be exercised through Board Resolution only. In Section 179 (3) (k) referes to rules i.e. Companies (Meetings of Board and its Powers) Rules, 2014. Refer rule 8 subrule 5.
Disclosure is required u/s 184 and rule 9 and filing of resolution for noting such disclosure is u/s 179 (3) read with rule 8 (5)
Yes Rachana,all the cos irrespective of their status or paid up cap, are required to file the same as per the provisions of sec 184, 179 and relevant rules.....
Hello
Whether Diclosure of Interest of Directors in Form MBP-1 should be considered in the First Board Meeting held immediately after incorporation and whether Form MGT-14 needs to be filed for taking note of MBP-1 in the First Board Meeting.
Kindly clarify.
Yes, for a newly incorporated company it will be first meeting of the Board in the financial year and hence Sec.184(1) will apply.
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