Director disclosure timing simplified by removing the first Board meeting reference from the annual interest statement rule. Section 184 of the Companies Act, 2013 is amended by omitting the words 'at the first meeting of the Board in every financial year or' from sub-section (1). The amendment narrows the timing language in the disclosure requirement and removes the reference to the first Board meeting of each financial year. The remaining words of sub-section (1) continue to apply as amended.
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Provisions expressly mentioned in the judgment/order text.
Director disclosure timing simplified by removing the first Board meeting reference from the annual interest statement rule.
Section 184 of the Companies Act, 2013 is amended by omitting the words "at the first meeting of the Board in every financial year or" from sub-section (1). The amendment narrows the timing language in the disclosure requirement and removes the reference to the first Board meeting of each financial year. The remaining words of sub-section (1) continue to apply as amended.
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