incorporation time
India shares its land borders with seven countries. Pakistan and Afghanistan in the northwest, China , Nepal, and Bhutan in the North and Myanmar and Bangladesh in the east, please share the success file if any passed by MCA for any DIN security clearance, so far they are not giving any approval and rejected on wrong grounds. any communication or appeal process ?
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As of 27.10.2023, it is now mandatory for all private companies (excluding small companies) to dematerialize their securities. This requirement is outlined in Rule 9B of the PAS Rules.
Applicable for Section -8 as well ?
To perform an MSME and verify a Udyam Registration Number, follow these steps:
1. Visit the Udyam Registration portal using the link: [Udyam Registration Portal](https://udyamregistration.gov.in/Udyam_Verify.aspx)
2. On the webpage, locate the option for "Verify Udyam Registration Number" or a similar feature.
3. Enter the Udyam Registration Number that you want to verify into the provided field.
4. Click on the "Verify" or "Submit" button to proceed.
5. The system will process the information and display the details associated with the provided Udyam Registration Number, including the major activity and type of enterprise.
6. Review the displayed information to ensure its accuracy.
7. If the details are correct, you have successfully verified the Udyam Registration Number.
8. If you encounter any discrepancies or issues, you may need to contact the appropriate authorities for further assistance.
By following these steps, you can easily verify a Udyam Registration Number using the newly added feature on the Udyam Registration portal.
msme number registration udyam verify
I would like to inform you that the MCA now has several centers for form processing and scrutiny:
1. CRC*: Responsible for incorporation-related matters.
2. CPC*: Handles the processing of other e-forms.
3. CSC: Central Scrutiny Centre scrutinizes STP forms.
4. C-PACE: Deals with the closure of companies.
This division of responsibilities ensures that the jurisdictional ROC can focus on its core responsibilities without being burdened by these tasks.
Does anyone know the mechanism of IPO allotment, especially in cases of oversubscription?
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Hello, what is the distinction between Compensatory Contribution and Equalization Levy?
Are these concepts mutually exclusive?
equalization levy contribution compensatory between distinction As a practice, we have been using the bank credit date for INVI filing. This is because we need to provide supporting documents such as bank statements or FIRC during the filing process. Is it right ?
Click here to view / answer Share it onFor INVI filing purposes, what would be considered the date of allotment of units? Is it the drawdown due date/funding date or the date when units are credited in demat?
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Learn First what is MBP 1 -
Section 184 (1) regarding disclosure of concern or interest by the Director has invoked considerable controversy. I have gone through the provisions of section 184 of the Companies Act 2013 in deep and noted certain facts. So an attempt has been made from my side to discuss critical aspects and various issues w.r.t. the compliance of section-184 (1).
I hope the write up below would be of some help to understand the provisions regarding disclosure of concern or interest by the Director.
Analysis of Section 184 (1) regarding Disclosure of Interest
Section 184 is about 2 separate disclosures. One is under section 184(1) and second is under section 184(2).
General Disclosure u/s 184(1): Let us discuss General Notice of disclosure of concern or interest by the Director under section 184(1).
As per section 184(1) of Companies Act, Every director shall:
Method of General Notice of Interest (Form MBP-1)
As per section 184(1) read with rule 9(1) of Companies (Meetings of Board and its Powers) Rules, 2014, Every director shall disclose his concern or interest in any company or companies or bodies corporate (including shareholding interest), firms or other association of individuals, by giving a notice in writing in Form No. MBP-1.
MAIN ISSUE IN MBP-1- Disclosure of Interest in case of small shareholding
As per my understanding even if Director holds 1 share of any company he has to disclose the same through MBP.1 keeping in view straight language of Section 184(1). It is well established fact that disclosure of interest on the part of director includes disclosure of direct as well as indirect interest.
Further, exception created by Section 184(5)(b) does not affect the general nature of Interest to be disclosed in the beginning of the financial year under sub section (1). Members who think if shareholding is less than 2%, then no general disclosure u/s 184(1) would be required are misinterpreting the provision. In simple words there is no exemption from the compliance of section 184 (1). Section 184(1) is an independent section and simply talks about shareholding interest without putting any limit.
Questions arises while interpretation of section 184(1) –
Q1: If a Director has shares of a No. of companies say about 100 companies, does he require to disclose about all the companies in MBP-1?
Q2: What will be the case, if suppose the director is not holding any shares in a particular company but only his relatives are having the shareholding in that particular company, Do we still need to disclose the same in MBP 1?
Conclusion:
As per Sec 184(1), it says that the directors need to disclose its nature of interest in any co / bodies corporate, firms or other associates WHICH SHALL INCLUDE SHAREHOLDING. Section 184(1) does not have any criteria with respect to percentage of shareholding. But if we see 184(2), it says that if any director is ENTERING into any CONTRACT with any body corporate in which he along with other directors holds >2% of the shareholding.
In 184(2), criteria for percentage of shareholding has been mentioned, which is >2%. So, I feel directors need to disclose even if their shareholding is less than 2%. Only when they are entering into any contract or arrangement with any body corporate, they need to disclose their interest if their shareholding exceeds 2%
Section 184(1) is undoubtedly open for interpretation. It is unclear about mentioning of Shareholding interest of directors in Form MBP-1. I suggest that we must comply the provisions of Section 184(1) with full letter and spirit by mentioning each shareholding of director in any company in which he is a shareholder until some amendments clarify this issue.