Disclosure of interest of directors

This query is : Resolved

Megha Singh (Querist)
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19 June 2014 Dear Sir(s)

As per sec 184 of the companies act 2013, directors are required to disclose theier nature of interest in form MBP-1.
Now Suppose A is a director of Company XYZ and their is another company PQR in which B, wife of A is a director.Is this also required to be disclosed in the said form?
Please revert.

Ankur Garg

Ankur Garg (Expert)
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19 June 2014 Dear Megha,

It is a fact that Mr. A is having interest in PQR company as his wife is a director in PQR company. This kind of interest is very much covered in section 184(1).

So MBP.1 of Mr. A towards his company XYZ should cover the name of PQR company.

Thanks

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Ankur Garg

Ankur Garg (Expert)
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19 June 2014 You are requested to go through a wonderful article on section 184 by CS Vinod Kothari. This article will help you a lot as far as understanding of section 184 is concerned. Link is given below:

http://india-financing.com/images/Articles/FAQs_on_Section_184.pdf

Thanks

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