TMI BlogWhether provisions of the section extend to contracts with public as well as private companies in which directors are interestedX X X X Extracts X X X X X X X X Extracts X X X X ..... br>Circular : No. 8/299/56‑PR, dated 15‑6‑1956. Subject:- Whether provisions of the section extend to contracts with public as well as private companies in which directors are inter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ectors are interested. In view of the above, the expression "body corporate" occurring in clause (a) of sub‑section (3) of section 299, is in conformity with the definition given to it in sub ..... X X X X Extracts X X X X X X X X Extracts X X X X
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