Form MBP-1 : Notice of Director Interest

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Akash Jhaveri

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Disclosure u/s 184 (1) is a general notice of disclosure given by every director about his/her interest in any companies, bodies corporate, firms or other association of individuals, along with shareholding. All directors of a Company are covered under the disclosure requirement given u/s 184(1). A director has to submit the Notice of Interest to the Company under section 184(1) in Form MBP-1. The Director should present Form MBP-1 in the first Board Meeting held in every financial year.

Sample : Form MBP-1 – Notice of Director Interest

Here is a sample Form MBP-1 for Notice of Interest by Director to the Company for each financial year.

Sample Form MBP-1
Download Sample Form MBP-1
Download sample form of Disclosure of Interest by Director - Form MBP-1
Download
Download Sample Form MBP-1
Download sample form of Disclosure of Interest by Director - Form MBP-1
Download

FAQs

How many types of the Disclosure requirement is there under Section 184?

There are two separate disclosure requirements in sec 184 – sec 184 (1) and sec 184 (2):

Disclosure u/s 184 (1) – Every director should give a general notice of interest in any company along with shareholding.

Disclosure u/s 184 (2) is a specific disclosure given by the director at the meeting of the Board. A contract is discussed and entered into with any entity in which such a director has an interest in.

Who all are covered by the disclosure requirements?

All directors of a Company should comply with the disclosure requirement as per Sec 184(1). When a Disclosure u/s 184 (2) is a specific disclosure which is to be given when the Company enters into a contract with an entity.

Following directors are covered by the disclosure requirements:
-A director has a shareholding of a body corporate of more than 2%.
-A director who is a promoter/manager/ CEO of the other body corporate

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