MBP-1mediumMinistry of Corporate Affairs
MBP-1 — Disclosure of Interest by Directors
Every director discloses their interest in other entities in Form MBP-1 at the first board meeting of each financial year.
- Due
- 30 Jun each year
- Frequency
- Annual
- If it lapses
- Penalty up to ₹1,00,000 on the defaulting director under s.184(4)
- Statutory reference
- S.184(1) r/w Rule 9, Companies (Meetings of Board) Rules 2014
Who has to file it
Every one of these has to hold before MBP-1 binds an entity:
- Private Limited Company, Public Limited Company, One Person Company and Section 8 Company
- Usually owned by:
- Company Secretary
- Typical effort:
- 1 hour
Common questions
- When is MBP-1 due?
- 30 Jun each year. It falls due once a year.
- Who has to file MBP-1?
- It applies to Private Limited Company, Public Limited Company, One Person Company and Section 8 Company.
- What is the penalty for filing MBP-1 late?
- Penalty up to ₹1,00,000 on the defaulting director under s.184(4)
This is the standing statutory position. The government extends deadlines often, and an extension is not reflected here until the rule is updated. Mallah Software Services Private Limited is a software company and not a firm of company secretaries or chartered accountants — nothing here is legal, tax or secretarial advice. Confirm the date with your professional before relying on it. See the Professional Disclaimer.