Compliance Chambers

In Companies Act, 2013, two types of disclosures of interest or concerned are prescribed under Section 184. 1). Disclosure of Interest or Concerned by director under Section 184(1); & 2). Disclosures of Interest by director under Section 184(2). Disclosure of Interest or Concerned by director under Section 184(1): Section 184(1) deals with the disclosure, requirements by each Director, to made at the first meeting of the Board in which he participates as a director and thereafter at the first meeting of the Board in every financial year or whenever there is any change in the disclosures already made, in such manner in Form MBP 1. Disclosure of Interest or Concerned by director under Section 184(2) In compliance with Section 184(2) of the Companies Act, 2013, disclosure of interest by every director who is in any way concerned or interested in a contract or arrangement or proposed contract or arrangement entered into or to be entered into with a bo...