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Form mgt-14 accounts finalization

SHRIRAM PRASAD (MANAGER COMPLIANCE) (111 Points)

10 July 2015

Kindly guide me on recent changes in MGT-14 and related section and notifications

My Doubts for a public unlisted company

1. Do we have to file, Accounts finalisation resolution in MGT-14?

2. Do we have to file disclosure of interest resolution in MGT-14?

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8 Replies

ACS Anjali Jain (SERVICE - CS) (472 Points)
Replied 10 July 2015

for accounts finalisation mgt14 is required whereas for disclosure of interest mgt14 is not required.

2 Like

prakash (Company Secretary) (1352 Points)
Replied 10 July 2015

Prasad,

In both case, Listed companies and unlisted public company required to file MGT-14 for approve of accounts and disclosure of interest, only private limited companies are exempted.

ACS Anjali Jain (SERVICE - CS) (472 Points)
Replied 10 July 2015

Mr Prakash

All companies are exempted from filing mgt14 for discloure of interest as per the circular dated 19.03.2015

k C SUTHAR (PCS) (21 Points)
Replied 10 July 2015

no, it is exempted to pvt Ltd co. only, Mr. prakash is right. c notif. DT 5/6/2015.

ACS Anjali Jain (SERVICE - CS) (472 Points)
Replied 10 July 2015

as per rules amended with effect from 19.03.2015 no company is required to file mgt 14 for disclosure of interest. Kindly see the attached rules amended

Attached File : 863770 20150710180622 chapter12 rules 19032015.pdf downloaded: 367 times

1 Like

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 12 July 2015

There is no doubt about the fact that all companies are now exempted from filing form mgt.14 for disclosure of interest under section 184. Thanks

1 Like

Avneesh Mishra (CS Trainee) (502 Points)
Replied 13 July 2015

Agreed with Ankur Sir! 1. MGT 14 for Approval of Annual Accounts is required, exemption accorded by the notification for quarterly approval of Accounts. 2. Disclosure of Interest U/S 184 is waived off now.