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MBP-1 Director Interest Disclosure Services

Reviewed by CA and CS Team, Patron Accounting LLP ICAI & ICSI Registered| 15+ Years Experience| Last Updated: Verify Credentials →

Documents: Director details, list of entities of interest, shareholding particulars.

Fees: MBP-1 disclosure support starting from INR 999 (Exl GST and Govt. Charges).

Eligibility: Every director of every company under Section 184.

Timeline: At the first board meeting of each financial year and on any change.

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MBP-1 Disclosure: Overview and Quick Summary

📌 TL;DR - MBP-1 Disclosure Services at a Glance

Form MBP-1 is the written notice through which a director discloses interest or concern in other companies, firms and bodies corporate to the Board, under Section 184(1) of the Companies Act, 2013. It is given at the first board meeting of every financial year and whenever the interest changes. Non-compliance attracts a penalty of Rs 1,00,000 per director.

Parameter	Detail
Governing Provision	Section 184(1), Companies Act, 2013, read with Rule 9
Applicable To	Every director of every company
Timeline	First board meeting of each financial year and on any change
Cost	Patron fee from INR 999 (Exl GST and Govt. Charges)
Penalty	Rs 1,00,000 per director under Section 184(4)
Filed With	Given to the company and Board; preserved, not e-filed with ROC
Authority	Board of Directors; enforced by the Registrar of Companies (ROC)

MBP-1 disclosure services from Patron Accounting cover drafting each director’s MBP-1, recording it in the board minutes and maintaining the register of contracts. Because MBP-1 is given to the company rather than e-filed with the ROC, it is often missed in routine compliance. Our team has supported 10,000+ businesses since 2009.

MBP-1 is given at the first board meeting after a director’s appointment and at the first board meeting of every year; it folds into the wider private limited company compliance cycle.

What Is Form MBP-1?

Form MBP-1 is the written notice through which every director discloses interest or concern in other companies, bodies corporate, firms or associations of individuals, including shareholding, to the Board, under Section 184(1) of the Companies Act, 2013.

It is given at the first board meeting in which a person participates as a director, at the first board meeting of every financial year, and at the first board meeting after any change. The company records it in the board minutes and the register of contracts.

Key Terms for MBP-1 Disclosure:

Disclosure of Interest: A director’s notice of interest in other entities, given to the Board to avoid conflict of interest.
Section 184(1): The general disclosure obligation, satisfied by MBP-1.
Section 184(2): The specific disclosure a director makes when the company enters a contract in which the director is interested.
Register of Contracts: The register under Section 189 in which MBP-1 disclosures are recorded.
DIR-8: A separate declaration of non-disqualification under Section 164(2), distinct from MBP-1.

Section 184 Form MBP-1

Who Must Give MBP-1 and When?

Every director of every company must give MBP-1. The obligation is personal to each director and applies regardless of company size or activity.

At the first board meeting in which a person participates as a director.
At the first board meeting of every financial year.
At the first board meeting held after any change in the interest already disclosed.
Scope: Interest in any company, body corporate, firm or association of individuals, including shareholding. Holding above 2 percent of paid-up capital is recorded in the register.
Distinct from DIR-8: DIR-8 is the disqualification declaration under Section 164(2); both are given at the first board meeting but serve different purposes.

Need the wider package? See our private limited company compliance services covering the full annual cycle.

Our MBP-1 Disclosure Services

Service	What We Do
MBP-1 Drafting for Each Director	We draft an accurate MBP-1 for every director, capturing all companies, firms and bodies corporate of interest with shareholding details.
Change Tracking	We track changes in directors’ interests and prepare a fresh MBP-1 for the first board meeting after any change.
Board Minute Recording	We ensure the Board takes note of each MBP-1 and that the minutes record the disclosure correctly.
Register of Contracts Maintenance	We update the register of contracts under Section 189 with the disclosed interests, including the Part B general-disclosure entries.
Record Preservation	We help the company preserve MBP-1 disclosures in safe custody for the required period.
Annual Compliance Integration	We fold MBP-1 into your first board meeting of the year so it is never missed during routine compliance.

Our Process

MBP-1 Disclosure Process: Step by Step

How Patron prepares a director’s MBP-1 disclosure, from collecting director details to recording, registering and preserving the disclosure each year.

Step 1

Collect Director Details

Gather each director’s interests in other entities and their shareholding.

Interests Shareholding

Collect 01

Step 2

Draft MBP-1

Prepare a written MBP-1 for each director listing all entities of interest.

Per director All entities

Draft 02

Step 3

Place at the Board Meeting

Submit the MBP-1 at the first board meeting of the financial year, or the first meeting after a change.

First meeting On change

Board 03

Step 4

Record in Minutes

The Board takes note of the disclosures and records them in the meeting minutes.

Board notes Minutes

Record 04

Step 5

Update the Register

Enter the disclosed interests in the register of contracts under Section 189.

Section 189 Register

Step 6

Preserve the Records

Keep the signed MBP-1 disclosures in the company’s safe custody.

Safe custody Signed

Preserve 06

Step 7

Repeat Each Year and on Change

Refresh MBP-1 every financial year and whenever a director’s interest changes.

Every year On change

Repeat 07

Documents Required for MBP-1 Disclosure

Director details with DIN.
List of companies, firms and bodies corporate in which the director is interested.
Shareholding particulars in each entity.
Details of any change since the last disclosure.
First board meeting date for the financial year.
Existing register of contracts, if maintained.

Need the full checklist? We share a ready MBP-1 disclosure checklist when you engage us.

Common MBP-1 Challenges and Solutions

Challenge	Impact	How Patron Accounting Solves It
Missed during routine compliance	Because MBP-1 is not e-filed with the ROC, many companies forget it. We integrate it into the first board meeting so it is captured every year.
Incomplete list of interests	Directors often omit smaller interests. We collect a complete list of entities and shareholdings to keep the disclosure accurate.
Not updating on change	A change in interest needs a fresh MBP-1 at the next board meeting. We track changes and prepare updated disclosures.
Records not preserved	ROC enquiries increasingly check MBP-1 maintenance. We ensure disclosures are recorded and preserved in safe custody.

MBP-1 Disclosure Fees

Fee Component	Amount
Patron Accounting Professional Fees	Starting from INR 999 (Exl GST and Govt. Charges)
What it covers	MBP-1 drafting, board minute recording and register updating
MCA filing fee	None; MBP-1 is given to the company, not e-filed with the ROC
Penalty for non-compliance	Rs 1,00,000 per director under Section 184(4)

All fees and charges listed are indicative only and do not constitute a binding offer. Final amounts may vary depending on the volume of work and the complexity involved.

MBP-1 is given to the company and not e-filed with the ROC, so there is no MCA filing fee for the disclosure itself. Non-compliance, however, attracts a penalty of Rs 1,00,000 per director under Section 184(4). Contact us for a detailed quote.

Get a free MBP-1 Disclosure consultation - Call +91 945 945 6700 or WhatsApp us. No-obligation assessment.

How Long Does MBP-1 Disclosure Take?

Stage	Estimated Timeline
Patron preparation turnaround	Within 1 to 2 working days of receiving director details
When placed	At the first board meeting of the financial year
On change	Again at the first board meeting after any change in interest
Approach	Aligned with your board calendar so the obligation is met cleanly

Patron typically prepares MBP-1 disclosures within 1 to 2 working days once director details are received. The disclosure must be placed at the first board meeting of the financial year, and again at the first board meeting after any change. We align the timing with your board calendar so the obligation is met cleanly.

Key Benefits

Why Choose Professional MBP-1 Support

Never Miss the Annual Disclosure

The annual MBP-1 is easy to overlook because it is not an ROC e-form; we fold it into the first board meeting so it is never missed.

Complete and Accurate List

A complete and accurate list of each director’s interests and shareholdings is captured, so no entity is left out of the disclosure.

Minutes and Register Updated

The board minutes and the register of contracts under Section 189 are updated correctly to evidence the disclosure.

Rs 1,00,000 Penalty Avoided

The Rs 1,00,000 per director penalty under Section 184(4), now actively enforced by ROC orders, is avoided.

Records Preserved for Inspection

The signed disclosures are preserved in safe custody and kept ready for ROC inspection and secretarial audit.

Handled by Qualified CAs and CSs

The disclosure is prepared and recorded by qualified Chartered Accountants and Company Secretaries.

Trusted by Businesses Across India

10,000+ Businesses Served | 4.9 Google Rating | 50,000+ Documents Filed | 15+ Years

"Our auditor flagged that MBP-1 was missing for two years. Patron prepared and recorded the disclosures and fixed our register." - Director, services company, Pune.

"Patron now handles our MBP-1 at the first board meeting every year, so we never forget it." - Company Secretary, manufacturing company, Mumbai.

Trusted by leading brands including Hyundai, Asian Paints and Bridgestone for accounting and compliance support.

With offices in Pune, Mumbai, Delhi, and Gurugram, Patron Accounting serves businesses across India - both in-person and remotely.

MBP-1 vs DIR-8

Factor	MBP-1	DIR-8
Purpose	Disclosure of interest in other entities	Declaration of non-disqualification
Provision	Section 184(1), Rule 9	Section 164(2), Rule 14
When	First board meeting each year and on change	Appointment and first board meeting each year
Given to	The company and Board	The company and Board

Related Director and Compliance Services

MBP-1 sits within board and director compliance. Patron handles the connected obligations together.

Private Limited Company Compliance for the full annual compliance package.
Appointment of Director where MBP-1 is given at the first board meeting after appointment.
Director KYC (DIR-3 KYC) to keep director DIN status active.
Removal of Director for changes in the board.
Pvt and LLP Compliance for ongoing entity compliance.

Legal and Compliance Framework

Governing provision: Section 184(1) of the Companies Act, 2013, read with Rule 9 of the Companies (Meetings of Board and its Powers) Rules, 2014, requires every director to disclose interest in Form MBP-1.

Recording: The disclosure is taken on record by the Board, entered in the register of contracts under Section 189 where holding exceeds 2 percent, and preserved in safe custody.

Penalty: Under Section 184(4), a director who contravenes Section 184(1) or 184(2) is liable to a penalty of Rs 1,00,000.

Enforcement: Recent ROC adjudication orders have penalised directors for failing to maintain MBP-1, often discovered during inspection or secretarial audit.

Refer to the MCA portal for guidance and to Section 184 on IndiaCode for the bare provision.

What is Form MBP-1?

When must MBP-1 be given?

A director must give MBP-1 at the first board meeting in which the person participates as a director, at the first board meeting of every financial year, and at the first board meeting held after any change in the interest already disclosed. It is a recurring annual disclosure that also updates whenever a director’s interests change.

Is MBP-1 filed with the ROC?

No. MBP-1 is given by the director to the company and the Board, taken on record in the board minutes and the register of contracts, and preserved in the company’s safe custody. It is not an e-form filed directly with the Registrar of Companies, which is one reason it is so often overlooked in routine compliance.

What is the penalty for not giving MBP-1?

Under Section 184(4) of the Companies Act, 2013, a director who contravenes the disclosure requirement is liable to a penalty of Rs 1,00,000. Recent ROC adjudication orders have imposed this penalty on each director where the company failed to maintain MBP-1 disclosures, often discovered during inspection or secretarial audit.

What does a director disclose in MBP-1?

In MBP-1 a director discloses interest or concern in any company, body corporate, firm or association of individuals, including the nature of interest and shareholding held. Where a director holds more than 2 percent of the paid-up capital of a body corporate, those particulars are recorded in the company’s register of contracts under Section 189.

What is the difference between MBP-1 and DIR-8?

MBP-1 is the disclosure of a director’s interest in other entities under Section 184(1). DIR-8 is a separate declaration confirming the director is not disqualified under Section 164(2). Both are given to the company at the first board meeting of the financial year, but they serve different compliance purposes and are not interchangeable.

Does MBP-1 apply to private companies?

Yes. The disclosure obligation under Section 184(1) applies to every director of every company, including private limited companies, one person companies and others. There is no exemption from the personal disclosure duty, and ROC adjudication orders confirm that private company directors are penalised for failing to maintain MBP-1.

How long must MBP-1 be preserved?

MBP-1 disclosures must be kept in the safe custody of the company, and the related notices are generally preserved for eight years. Maintaining these records is important because ROC inspections and secretarial audits check whether MBP-1 has been given and recorded, and missing records have led to penalties on directors.

MBP-1 kya hai?

MBP-1 director dwara doosri companies me apne interest ki disclosure hai, jo Section 184 ke tahat Board ko di jati hai.

MBP-1 kab deni hoti hai?

Har financial year ki pehli board meeting me aur kisi bhi badlav ke baad MBP-1 deni hoti hai.

Quick Answers

What is MBP-1 for? Disclosing a director’s interest in other entities.

When is it given? First board meeting each year and on any change.

Is it e-filed with ROC? No, it is given to the company and preserved.

What is the penalty? Rs 1,00,000 per director under Section 184(4).

Compliance Reminder

Easy to miss, costly to skip. Because MBP-1 is not an ROC e-form, it is routinely overlooked, yet ROC orders impose Rs 1,00,000 per director for default. Capture it at your first board meeting of the year and keep the records ready for inspection.

Get MBP-1 done - Call +91 945 945 6700 or WhatsApp us. We respond within 2 hours.

Get MBP-1 Done with Patron Accounting

Form MBP-1 is the director’s disclosure of interest in other entities, given to the Board at the first board meeting of every financial year and on any change, under Section 184 of the Companies Act, 2013.

Although it is not filed with the ROC, missing it carries a Rs 1,00,000 penalty per director. Patron Accounting, with qualified CAs and CSs and offices in Pune, Mumbai, Delhi and Gurugram, prepares and records MBP-1 so this often-missed compliance is always met.

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MBP-1 Disclosure Support Across India

In-person and remote MBP-1 director interest disclosure support from our offices in Pune, Mumbai, Delhi and Gurugram.

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Content Created: 3 June 2026 | Last Updated: | Next Review: 4 September 2026 | Reviewed By: CA & CS Team, Patron Accounting LLP

This page is reviewed at least yearly and updated whenever Section 184, Rule 9 of the Companies (Meetings of Board and its Powers) Rules, 2014, Section 189, or the Section 184(4) Rs 1,00,000 penalty position change. Freshness Tier 2.

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