Under the Companies Act 2013, every Director has to disclose his interest in any company or companies or bodies corporate (incl. shareholding interest), firms or other association of individuals, by giving a notice in writing to the company in the first Board Meeting of every financial year in Form MBP-1.
It shall be the duty of the Director giving notice of interest to cause it to be disclosed at the meeting held immediately after the date of the notice.
Section 184 of the Companies Act 2013 and Rule 9 of Companies (Meetings of Board and its Powers) Rules, 2014 deal with this requirement.
The interest disclosed in a resolution passed in the Board Meeting has to be filed with the Registrar of Companies within 30 days of holding first Board Meeting in Form MGT-14.
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Form MBP-1
Notice of interest
by director
[Pursuant to section
184 (1) and rule 9(1)]
To
The Board of Directors
………………..Limited
Dear Sir(s)
I, ..............,
son/daughter/spouse of ……………., resident of ………….., being a director in the
company hereby give notice of my interest or concern in the following company or
companies, bodies corporate, firms or other association of individuals:-
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S No
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Names of the
Companies/bodies corporate/firms/
Association of
Individuals
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Nature of interest or concern/Change
in interest or concern
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Shareholding
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Date on which
interest or concern arose /
changed
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Signature:
MD/Director/Secretary/Whole
time Director
Place:
Date:
