Section 184: Disclosure Of Interest By Director

INTRODUCTION: As per Section 184 of the Companies Act 2013, deals with the Disclosure of Interest by Directors. General Disclosure and Specific Disclosure. Section 184 of the Companies Act of 2013 governs the disclosure of a director’s conflict of interest. It states that every director must disclose his concern of interest in any company or companies or firms, or other association of persons at the first meeting of the Board in which he engages 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, at the first Board meeting held after such change.