Geetha Gupta (Accountant) (325 Points)
16 March 2016Hi all,
In a board meeting it is possible that only some directors may have a change that they must disclose.
Regards,
Geetha
CS Arjun Rajagopal
(B.com, ACS)
(1056 Points)
Replied 16 March 2016
Agree with Megha. You may consider the item in one agenda "To take note of disclosure of directors shareholding"
Even though there is no change in director's interest they have to give disclosure in MBP-1 in the first board meeting of the fianancial year.
Regards,
Arjun Rajagopal
Geetha Gupta
(Accountant)
(325 Points)
Replied 16 March 2016
Thank you Megha and Arjun
Regards,
Geetha
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 17 March 2016
Every director shall at the first meeting of the Board in which he participates as a director and thereafter at the first meeting of hte Board in every financial year or whenever there is any change in the disclosures already made, then a the first Board Meeting held after such change, disclose his concern or interest in any company in form MBP 1.
Thus, at every first meeting of the financial year every director need to place their disclosre in form MBP1 which need to be recorded by the board wherether there is change in previsous disclosre or not.
In case of change only such director will disclosre revised MBP1 which will be taken note by the Baord.
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