Contract of employment with managing or whole-time directors

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..... or whole-time directors 190. (1) Every company shall keep at its registered office,- (a) where a contract of service with a managing or whole-time director is in writing, .....

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..... ction (2), the company shall be liable to a penalty of twenty-five thousand rupees and every officer of the company who is in default shall be liable to a penalty of five thousand rupees for each defa .....

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