Definition as per section 2(49) is more elaborate than 184(2). My doubt is whether a director is required to disclose his interest if he is interested as per 2(49) but not so as per 184(2)? Please explain!!
Menu
Section 2(49) and 184(2) of companies act
Replies (1)
There are two types of disclosure first is in the form if MBP 1 which is to be given at the first meeting of every FY and thereafter if there is any change.
Second disclosure which is referred in 184(2) is to be made at the time of entering into contract or proposed to enter into. The disclosure to be made as per section 184(2). The reason being thus section no where uses the term interested director. This term is only used in section 174 which also requires using of definition as per section 184(2)
Second disclosure which is referred in 184(2) is to be made at the time of entering into contract or proposed to enter into. The disclosure to be made as per section 184(2). The reason being thus section no where uses the term interested director. This term is only used in section 174 which also requires using of definition as per section 184(2)
Recent Threads
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
Related Threads
CAclubindia
