BOARD RESOLUTION FOR DISCLOSURE OF INTEREST BY DIRECTORS UNDER SECTION 184 OF THE COMPANIES ACT, 2013

SAMPLE BOARD RESOLUTION FOR DISCLOSURE OF INTEREST BY DIRECTORS UNDER SECTION 184 OF THE COMPANIES ACT, 2013  

Chairman informed the Board that pursuant to Section 184(1) of the Companies Act, 2013, it is necessary for the board members to disclose their concern or interest, in any Company or companies or bodies corporate, firms, or other association of individuals which shall include the shareholding, in form MBP.1 at the first Board Meeting in every financial year. He further informed the Board that as per section 117(3) read with Section 179(3) of the Companies Act, 2013 and Rules made there under, the resolution passed to take note of the said form MBP.1 towards disclosure of interest by the directors is to be filed with concerned Registrar in E-form MGT.14.

The notice of disclosure of interest in prescribed form MBP.1 as received from Directors was placed before the meeting. The Board discussed the matter and passed the following resolution:

“RESOLVED THAT  pursuant to Section 184 (1) of the Companies Act, 2013 read with Rule 9 (1) of the Companies (Meetings of Board and its Powers) Rules, 2014, and other applicable provisions of Companies Act, 2013, the general notice of disclosure of interest or concern in Form MBP.1 received from  Mr. Rakesh Agarwal, Mr. Mohit Agarwal and Mr. Pramod Agarwal, Directors of the Company, as placed before the meeting, be and are hereby noted and taken on record by the Board.

RESOLVED FURTHER THAT Mr. Mukesh Gupta, Managing Director of the Company, be and is hereby authorized to make necessary entries in the Registrar maintained for the purpose and to digitally sign and file E-form MGT.14 with the Registrar of Companies, NCT of Delhi and Haryana.  

FURTHER RESOLVED THAT Mr. Ashok Kumar Verma, Practicing Company Secretary, New Delhi be and is hereby authorized to certify and file Form MGT.14 with Registrar of Companies, NCT of Delhi and Haryana and to do such acts, deeds and things as may be considered necessary and appropriate to give effect to the above resolution.”