Director Interest Disclosure Under Section 184: MBP-1 Control Checklist
Related-party and conflict controls begin with director disclosures. If Section 184 disclosures are weak, board decisions and related-party transaction approvals become harder to defend.
\nFor broader context, see the Companies Act, MCA and Startup Compliance Hub.
Section 184 base
Section 184 requires every director who is directly or indirectly concerned or interested in a contract or arrangement, including specified body corporate relationships, to disclose the nature of concern or interest in the prescribed manner.
Use the Companies Act Related-Party Transaction Approval Checker to work through the related inputs before acting.
\nDisclosure file
| Disclosure item | Control |
|---|---|
| Annual MBP-1 / interest declaration | Collect and place before board as applicable. |
| Meeting-specific disclosure | Record disclosure when a relevant contract/arrangement is considered. |
| List of entities and relatives | Keep updated for RPT screening. |
| Abstention / participation controls | Check meeting voting/participation requirements. |
| Register update | Connect disclosure with statutory registers. |
For the connected rule, example or next step, see Beneficial Interest in Shares Under Section 89: Declaration Checklist.
\nFinance-team use
- Vendor/customer master should include related-party flags.
- Board agenda should identify transactions requiring director disclosure.
- Accounts team should share related-party ledger with CS team.
- Auditors should receive updated disclosure list.
- Changes in director interests should trigger update.
For the connected rule, example or next step, see Director Disqualification Under Section 164: Before Appointment Checklist.
\nFinin2min warning
Official sources used
This article is intentionally source-limited to official MCA / India Code material. Verify final filing positions with the latest Act, Rules, MCA forms and portal advisories before publishing.
- India Code: Companies Act, 2013 — Section 184 Disclosure of interest by director
- India Code: Companies Act, 2013 — Section 188 Related Party Transactions
- India Code: Companies Act, 2013 official PDF
FAQs
Section 184 covers disclosure of interest by director.
Not always. Meeting-specific disclosure may be needed when a relevant contract or arrangement is considered.
It helps identify related-party vendors, customers and contracts in accounting and approval workflows.
Source and review trail
Use the current official instrument, portal or regulator publication before acting. This panel separates the category authority from page-specific references.
- Primary category
- Companies Act & MCA
- Official starting point
- www.mca.gov.in