Dates of mbp-1 and sec 164 disclosure

/forum/disclosure-o-interest-324578.asp

According to my view, you should not wait for first meeting of FY. 

Because in Audit report, auditor will state Whether any director is disqualified from being appointed as a director under sub-section (2) of Section 164. 

Also for reporting related party transaction, auditor will require disclosure in MBP-1.

Sir,

Thankyou for the clarification about MBP-1.

Kindly clarify me on declaration under section 164.

Regards..

Section 164(2)(b) pertains to the disqualification of the director in case a company in which he is a director

i. Has not filed financial statements or annual returns for a continuous period of 3 years OR
ii. Has failed to repay deposits or pay interests thereon or redeem debentures on the due date or pay interest/dividend declared and such failure to pay or redeem continues for 1 year or more.

In case a director was to incur disqualification under section 164(2), then he shall not be eligible to be re-appointed as a director of that company or be appointed in other company for a further period of 5 years from the date on which the company fails to do so

Please clarify me on the date of declaration under section 164.

Yes it is correct