MBP 1 for Foreing Directors

[BalaJi Srivastava]

Dear All,

Do we have to also mention the Interest in Disclosure a Foreign Director Posses in the Foreign Companies???

HIGHLY URGENT

Thanks and Regards,

Balaji Srivastava
Mobile: +91 (0)987-316-9769
Email:bbala...@gmail.com

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[BalaJi Srivastava]

ny responses???

Thanks and Regards,

Balaji Srivastava
Mobile: +91 (0)987-316-9769
Email:bbala...@gmail.com

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[Venkat Ragavan]

No, Indian company only

Warm Regards,

V.Venkata Ragavan

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[CS Simranjeet Singh]

foreign co's are to be included as  section 184(1) uses the word body corporate and as per sec 2(11) body corporate includes companies incorporated outside india also...

 

 Warm Regards

 S S

  Take RISKS in your LIFE. If you WIN, you can LEAD! If you LOSE, You can  GUIDE! 

 

[Akriti Mahajan]

Agree with the views. Interest in Indian companies is to be disclosed.

Thanks & Regards,

Akriti Mahajan 

+91-9953918192 

Kindly consider the environment before printing this mail.

 

[Manoj Singh Bisht]

Yes. Body Corporate is covered under Section 184 (1).

Thanx

Manoj

[santhosh kumar]

Balaji we have  done  as per the indian companies act. and the foreign directors interest in the indian companies.

we have  JV company in which france citizen are directors. we took only the directors interest in the indian company.

regards

santhosh

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CS.M.Santhoshkumar
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ॐ सर्वे भवन्तु सुखिनः

 

 

[CS Riyanka Jain]

Foreign Directorships should be included in declaration, as the section includes 'Body Corporate'.

The intention of the section is not having any undue advantage/influence due to presence of Director on the Board, while taking decisions. The provision includes Body corporate also to have transparency even in case of a transaction between Co and the foreign Company (body corporate) where director is common.

Other valuable views solicited!

[BalaJi Srivastava]

In my view also, the Foreign Directors must be included. The intention of the words used in Sec 184(1) like Every Director(Foreign Director) also and Body Corporate (Every type of Body Corporate) must be within the purview of the Disclosures Requirement. Hence MBP 1 must be given for Foreign Directors even.

Others view solicited

Thanks and Regards,

Balaji Srivastava
Mobile: +91 (0)987-316-9769
Email:bbala...@gmail.com

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The contents of this e-mail are confidential to the ordinary user of the e-mail address to which it was addressed and may also be privileged. If you are not the addressee of this e-mail you may not copy, forward, disclose or otherwise use it or any part of it in any form whatsoever. If you have received this e-mail in error please e-mail the sender by replying to this message.

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[Manoj Singh Bisht]

:-)