Director Interest Disclosure Rules

Summary

Directors must disclose their interests under the Companies Act, 2013, specifically Sections 184 and 188. While no provision explicitly states that companies can question directors at any time, Sections 166(2) and 184 imply this right to ensure compliance. For adjourned meetings due to lack of quorum, Section 103 states they can be rescheduled to the same day next week or another time/place as determined by the Board. There is no limit on the number of adjournments. Shareholders can alter the time/place of adjourned meetings via resolution. No specific provision allows a shareholder to demand adjournment or avoid discussing issues in their absence based on shareholding.

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no like i need a provision that says expressly that the company can ask the director at any time or question the director at any time about their interest in the company
Under the Companies Act, *, while there is no specific provision that explicitly states the company can question directors at any time about their interests, the general obligations and duties of directors can be interpreted to allow for such questioning to ensure compliance.
- **Section *(*)**: Directors must act in good faith to promote the company's objects.
- **Section ***: Requires directors to disclose their interests.
These sections support the company's right to seek information from directors to ensure transparency and avoid conflicts of interest.
Do you need further clarification on any of these sections?
the companies have a certain quorum for a meeting , so what is the minimum prescribed time for this meeting if it get's adjourned without the presence of a share holder or a nominee of a share holder
Under the Companies Act, *, if a meeting is adjourned due to lack of quorum, the minimum prescribed time for the adjourned meeting is as follows:
- **Section ***: If a quorum is not present within half an hour from the time appointed for holding a meeting, the meeting shall stand adjourned to the same day in the next week at the same time and place, or such other time and place as the Board may determine.
Is there anything else specific you need help with regarding company meetings or any other legal matter?
yes
Could you please specify what additional information or assistance you need regarding company meetings or any other legal matter?
i wanna know the minimum time period as to how many days the meeting can be adjourned and for how many times can it be done , and who can do it. and where in the companies act is the time period expressly given, and can the time be altered as per the shareholders say and how many times can it be done with provisions and sections
Certainly! Here's the information you need regarding the adjournment of company meetings under the Companies Act, *:
- **Section ***: If a quorum is not present within half an hour from the time appointed for holding a meeting, the meeting shall stand adjourned to:
- The same day in the next week at the same time and place, or
- Such other time and place as the Board may determine.
- **Adjournment Frequency**: There is no specific limit on the number of times a meeting can be adjourned due to lack of quorum. Each adjournment must follow the same rules.
- **Who Can Adjourn**: The Chairperson of the meeting or, in their absence, the directors present can adjourn the meeting.
- **Shareholder Alteration**: Shareholders may pass a resolution to alter the time and place of the adjourned meeting, subject to the company's Articles of Association.
Do you need further clarification on any specific section or provision?
can a share holder that holds a minimum number of shares say that if he's not present at the meeting then the other share holders should avoid talking about the issue that concerns his shares in his absence or request and adjournment of the meeting for the same? if yes what provision of the act says so
Under the Companies Act, *, there is no specific provision that allows a shareholder with a minimum number of shares to demand that a meeting be adjourned or specific issues be avoided in their absence. However, shareholders can make such requests, and it may be considered based on the company's Articles of Association and the discretion of the Chairperson.
- **Section ***: Provides rules for adjournment due to lack of quorum.
- **Articles of Association**: May contain specific provisions regarding shareholder rights and meeting protocols.
Would you like more information on how shareholder rights can be enforced through the Articles of Association?