TMI BlogDisclosure to members of directors interest in contract appointing manager, managing director, managing agent or secretaries and treasurers.X X X X Extracts X X X X X X X X Extracts X X X X ..... (1) Where a company _____ (a) enters into a contract for the appointment of a manager of the company, in which contract any director of the company is in any way, whether directly or indirectly, concerned or interested; or (b) varies any such contract already in existence and in which a director is concerned or interested as aforesaid; the company shall, within twenty-one days ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... terest of such other director in the contract or variation shall also be sent to every member of the company with the abstract aforesaid. [2] [(3) * * *] (4) Where a director becomes concerned or interested as aforesaid in any such contract as is referred to in sub-section (1), (2) or (3) after it is made, the abstract and the memorandum, if any, referred to in the said sub-section shall be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ister of members of the company; and the provisions of section 163 shall apply accordingly. (7) The provisions of this section shall apply in relation to any resolution [5] [* * *] of the Board of directors of a company appointing a manager or a managing or whole-time director, or varying any previous contract or resolution of the company relating to the appointment of a manager or a managing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... such contract already in existence in which director is concerned or interested as aforesaid, the company shall send the abstract and memorandum referred to in sub-section (2) to every member of the company, in sufficient time before the general meeting of the company at which the proposal is to considered. ]. [3] Substituted for "one thousand rupees" by the Companies (Amendment) Act, ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
