Companies Act, 2017

PART-VII

MISCELLANEOUS PROVISIONS REGARDING INVESTMENTS, CONTRACTS OFFICERS AND SHAREHOLDINGS, TRADING AND INTERESTS

From: 2023-11-01 - To: 0000-00-00 213. Disclosure to members of directors’ interest in contract appointing chief executive or secretary.- (1) Every director of a company who is in any way, whether directly or indirectly, concerned or interested, in any appointment or contract for the appointment of a chief executive, whole-time director or secretary of the company shall disclose the nature of his interest or concern at a meeting of the board in which such appointment or contract is to be approved and the interested director shall not participate or vote in the proceedings of the board. (2) All contracts entered into by a company for the appointment of a chief executive, whole-time director or secretary shall…