Section 184 of CA 2013 : Section 184: Disclosure Of Interest By Director
CA 2013
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Explanation using Example
Imagine a scenario where Mr. John is a director at XYZ Ltd. At the first board meeting of the financial year, he discloses that he holds a 5% share in ABC Corp., a supplier to XYZ Ltd. This disclosure is in line with Section 184(1) of the Companies Act, 2013, which requires directors to disclose their interests in other entities.
A few months later, XYZ Ltd. is considering a contract with ABC Corp. for the supply of raw materials. As per Section 184(2), Mr. John must disclos...
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