Contracts in which directors are interested Central Government in the case of companies having paid up capital of Rs. 1 crore or more, applies to contract of employment of director as managing director

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Letter : No. 8/2/(Misc.) 75/CL‑V, Dated:- 6-6-1975 Circular
Companies Law
Letter : No. 8/2/(Misc.) 75/CL‑V, dated 6‑6‑1975. Subject:- Contracts in which directors .....

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..... n view of the provisions of the Income‑tax Act which requires payments exceeding Rs. 2,500 to be made by cheque? Answer : A cheque may be treated as the equivalent of a cash payment for the pur .....

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