MBP 1 at the time of Incorporation ??

[Pratyush Khetan]

Hi all

Does MBP -1 need to be filed at the time of incorporation (SPICE plus form) if one of the directors is a partner in a LLP?

What exactly needs to be done? The attachment asks for the Interest of first directors in other entities.

Will appreciate a quick reply as the matter is urgent

Pratyush Khetan 

Pratyush Khetan and Associates

Chartered Accountants

+91-9844542314

CONFIDENTIALITY CAUTION

This communication (including any accompanying documents) is intended only for the use of the addressee(s) and contains information that is PRIVILEGED AND CONFIDENTIAL. Unauthorized reading, dissemination, distribution or copying of this communication is prohibited. If you are not the intended recipient, please contact the sender immediately by reply e-mail  and promptly destroy the original communication. Thank you for your cooperation.

[Charu Chawla]

Yes it's required to disclose the interest in other entities in MBP-1., Just do it as DIR-2.

Thanks

Charu Chawla

--
--
************************************************
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.
To view this discussion on the web visit https://groups.google.com/d/msgid/csmysore/CAJz5tOa8mVOjwx5CKpGMs0_CZR-9XfttuoOwh%3DGnt6YGGiuK%3Dw%40mail.gmail.com.

[CS V Kartik]

No it's not required at the time of incorporation. While filling the form, just fill in the details of any one company (as the system doesn't allow beyond one) in which he's a director.

It's only required at the 1st Board meeting post incorporation & during the 1st Board meeting of every FY.

Kartik

--

[Tax Adda]

Dear Member,

Yes to need to attach MBP-1 with spice form while saving Part -B of Spice Form.

Thanks & Regards,

Sameer Kanojia

Advocate

+91-9930935103

--

[JAI PRAKASH Jagdev]

MBP-1 IS REQUIRED

J P JAGDEV

CS

M.A., LL. B., M.B.A. FCS

22-A, KANSHI NAGAR

MODEL TOWN,

AMBALA CITY -134003

HR IN

99960 20660

94160 20660

On Tue, Jun 14, 2022 at 8:12 PM Pratyush Khetan <prat...@pkassociates.co.in> wrote:

--

[CS V Kartik]

It's not required at the time of incorporation. I have formed multiple companies without attaching. However, if you attach, then there's no harm.

Kartik

To view this discussion on the web visit https://groups.google.com/d/msgid/csmysore/CACZwB%2BYm1BR7x3LWCp-LFpJBb3qcECo8ETqVuC21C25FVVe2zQ%40mail.gmail.com.

[Ruchi]

MBP 1 applicability is at the First Board meeting and Board meetings can be done only after incorporation.

No need to attach during incorporation.

To view this discussion on the web visit https://groups.google.com/d/msgid/csmysore/CADoe2_GEOojDGNhoXXc%2B5jUn0UpPD3zRRLq67d6rH2BmXNhPnQ%40mail.gmail.com.

[Shraddha Kulkarni]

Though not in the form MBP-1 interest in other entities needs to be disclosed during incorporation. You can simple make a table in word format and enter necessary details therein.

[Akriti Mahajan]

PFA the format which we used recently for incorporation for disclosure of interest in other entities and received no object on this.

To view this discussion on the web visit https://groups.google.com/d/msgid/csmysore/689c38df-9f0a-4782-b484-cd8b4547272an%40googlegroups.com.

--

Thanks & Regards,

Akriti Mahajan 

+91-9953918192 

Kindly consider the environment before printing this mail.

 

[Raman Nayak]

Greetings, 

As per my knowledge and procedure i have followed for the Incorporation is attaching DIR-2 while incorporation, where in DIR-2 we mention the details 

The statement itself is clear that where the individual is the Director, as far as MBP-1 the abbreviation of MBP itself states that 'MEETINGS OF BOARD AND ITS POWERS' so the MBP-1 section also says that 

Section 184 (1) of the Companies Act 2013 requires that every director to make disclosure of his interest or concern in any company or firm or body corporate or any association of individuals at the first Board meeting or when there is any change in the interest of Directors

So It is clear that the First Board meeting will be held post Incorporation. 

So I have given my point of view regarding this query. 

Regards,

Raman Nayak K

Mob: 8050495140

To view this discussion on the web visit https://groups.google.com/d/msgid/csmysore/CAMypNH-APjAFTGquDc1kqS-TqiBKSOR_pzczmQOZ%2BKYc5PiWbg%40mail.gmail.com.

[kartik bhatia]

You can fill 0 and proceed for incorporation. No query will come related to this

--