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 Topic
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
Related Topics
CAclubindia
