Company Law : Revaluation Reserve comes into existence when various fixed assets in the financial statements of the enterprise are stated at the...
Company Law : As per section 184 of the Companies Act 2013 read with Rule 9 of Companies (Meetings of Board and its Powers) Rules, 2014 every di...
Company Law : As defined in Section 2 (62) of the Companies Bill, 2013, One Person Company means a company which has only one person as a member...
Revaluation Reserve comes into existence when various fixed assets in the financial statements of the enterprise are stated at their replacement cost and not Historical Cost. When the value of fixed assets in written up in the books of account of a company on revaluation, a corresponding credit is given to the Revaluation Reserve. Such reserve represents the difference between the estimated present market values and the book values of the fixed assets.
As per section 184 of the Companies Act 2013 read with Rule 9 of Companies (Meetings of Board and its Powers) Rules, 2014 every director of the Company has to disclose his interest by giving a notice in writing in Form MBP-1. In this article, we are discussing the manner of such disclosure and related compliance under the Companies Act, 2013 and Companies Rules, 2014.
As defined in Section 2 (62) of the Companies Bill, 2013, One Person Company means a company which has only one person as a member.
