Board resolution format for taking note of MBP-1 disclosures under Section 184(1) and Rule 9 and DIR-8 declarations under Section 164, with register updates.
“RESOLVED THAT pursuant to the provisions of Section 184(1) of the Companies Act, 2013 read with Rule 9 of the Companies (Meetings of Board and its Powers) Rules, 2014, and Section 164 of the said Act read with Rule 14 of the Companies (Appointment and Qualification of Directors) Rules, 2014, the Board hereby takes note of the disclosures of concern or interest in Form MBP-1 and the declarations in Form DIR-8 received from the following Directors and disclosed at this meeting:
RESOLVED FURTHER THAT the Board notes that, on the basis of the said declarations, none of the Directors is disqualified under Section 164 of the said Act, and that the notices in Form MBP-1 be kept at the registered office of the Company and preserved for eight years from the end of the financial year to which they relate.
RESOLVED FURTHER THAT any Director and/or the Company Secretary of the Company be and is hereby severally authorised to update the Register of Directors and Key Managerial Personnel and their shareholding and the Register of contracts or arrangements in which Directors are interested (Form MBP-4), and to do all such acts, deeds and things as may be necessary for giving effect to this resolution.”