Filing MGT-14 for director Interest is mandatory if directors has no interest anywhere

[sharvan kumar]

Dear Members,

Whether as per section 184(1) it is mandatory to disclose director interest and file Form MGT-14 if the directors has no interest anywhere in any companies, bodies corporate, firms etc.?

Thanks & Regards,

Sharvan Kumar

[Ritu Jhunjhunwala]

Yes
It us mentioned nowhere that if director is not interested then we do not need to submit mgt 14 and most imp this filing is for getting the disclosure if you dont take how will you come to know that interest is not there

In my opinion yes pls take other members view also

--
--
************************************************
Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
---
You received this message because you are subscribed to the Google Groups "CSMysore" group.
To unsubscribe from this group and stop receiving emails from it, send an email to csmysore+u...@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.

[sharvan kumar]

Thanks for reply Ritu. But there is also not mentioned anywhere in the Act and Rules that if the director are Nil interest he shall also give his disclosure. As per my understanding as and when interest arise he can give his disclosure in next Board meeting. can we do this?

[sid]

If a director has no interest to be provided as per MBP-1 then he need not submit the same and you need not file MGT.14 for same, but ask him to give the company list of relatives as per CA 2013. Also if interest arises in future then he needs to give MBP-1 to the company.

Thanks

[Ritu Jhunjhunwala]

ok

thanks for updating me too :-)

Regards,

Ritu Jhunjhunwala

R. Jhunjhunwala & Co.

Company Secretary

Email : rjhunjhun...@gmail.com

Cell No.: +919748710111

--

[Deepesh Nayak]

Dear Sid, how it come to know in the knowledge of the Company, that the directors are nowhere interest??

Disclosure is required even in case of NIL interest.

Others views are welcome on the same.

CS Deepesh Nayak

Thanking you,

*CS Deepesh Kumar Nayak*
 Company Secretary

 *Mob. 097134-80215*
*csdeepe...@gmail.com*

[sid]

The onus for any default in giving any valid interest is on director so if he does not give any disclosure then the Company is at no fault if any RPT is entered into by the Company.

Thanks

On Monday, June 30, 2014 3:06:19 PM UTC+5:30, sharvan kumar wrote:

[Ritu Jhunjhunwala]

my views are same as of mr nayak 

we are filing mgt 14 even in nil interest.

Regards,

Ritu Jhunjhunwala

R. Jhunjhunwala & Co.

Company Secretary

Email : rjhunjhun...@gmail.com

Cell No.: +919748710111

--

[Arvind Kumar]

Dear Friends,

Please help on following Query: We have appointed Additional Director on 27/05/2014. Does We have to file Disclosure of Interest of Director Separately?

and  whether it means whenever we appoint a director- we have to file MBP-1 with ROC

On Monday, June 30, 2014 3:06:19 PM UTC+5:30, sharvan kumar wrote:

[Ritu Jhunjhunwala]

no 

because at the time of appointment you must have given the disclosure. if not then you may require.

Regards,

Ritu Jhunjhunwala

R. Jhunjhunwala & Co.

Company Secretary

Email : rjhunjhun...@gmail.com

Cell No.: +919748710111

--

[santhosh kumar]

still as compliance of statutory purpose.u need to file MGt14

--

CS.M.Santhoshkumar
"From the man who always has a Good heart ! "

ॐ सर्वे भवन्तु सुखिनः

 

 

[BHAVIKA GOHIL]

Yes . The director has to disclose his interest in pursuance of section 184 because nil disclosure is also a disclosure