Mbp-1

This query is : Resolved

Report Abuse Follow Query Ask a Query

Lokesh Gohil

Lokesh Gohil (Querist)
Follow

30 July 2014 Difference Between Concern or Interest u/s 184 of CA 2013

Ankur Garg

Ankur Garg (Expert)
Follow

30 July 2014 As per my understanding Interest is a more specific and direct word pertaining to the personal involvement of director whereas concern depict indirect association of director through his relatives.

However in case of indirect concern of director through his/her relatives, the same can also be referred as indirect interest as in that case concern and interest are interchangeable.

Thanks

Lokesh Gohil

Lokesh Gohil (Querist)
Follow

30 July 2014 Thanks Ankur Ji

Can we Disclose Both Interest and Concern (Direct and Indirect) of the Directors of the Company in MBP-1 u/s 184 of CA 2013

Upgrade to CAclubindia Pro. Subscribe Now!

Ankur Garg

Ankur Garg (Expert)
Follow

30 July 2014 Section 184 capture both direct as well as indirect interest. So we have to disclose both type of Interest.

Thanks