Director in more than 20 companies.

This query is : Resolved

MUKESH JOSHI (Querist)
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03 February 2015 I want to know that if a person is a Director in more than 20 Companies and he resigned on 31st March, 2015 by filing DIR-11 Form to bring his directorship up to 20 Companies then can we say that a person has complied the Section 165(1), can that person is allowed to intimate only once in Form-MBP-1 regarding resignation from other Companies and other remaining Companies will file Form-MGT-14 for once for all the resignation made in different Companies or they required to file after DIR-12 has been filed from the concerning companies, please share your views on this.

c.bakshi

c.bakshi (Expert)
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03 February 2015 In Every company, every director of the company has to comply with section 184 of the act. in the first board meeting of the financial year of the company, every director has to disclose his/her interest in the other entities

MUKESH JOSHI

MUKESH JOSHI (Querist)
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04 February 2015 Thanks sir for your early reply, but can remaining companies is allowed to file only one MGT-14 Form for taking note of the Disclosure in Form-MBP-1 if all the resignation which has made by the Director from the Companies in similar date i.e. 31st March, 2015, and file Form-DIR-11 in this regard and secondly, from the point of view of the Director can we say that he is Director in only 20 Companies on 31st March, 2015 if the concerning companies from which he has resigned not file Form-DIR-12.

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c.bakshi

c.bakshi (Expert)
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04 February 2015 DIR-11 is only need to be filed in the company from which the director resigned. and in the remaining companies you can file MGT-14 only. see in the new act, every company has to file MGT-14 for its first board meeting. So, Resign the director in the month of march and in the month of april file the mgt-14 of all companies along with disclosure of all other director in one form

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