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. 3/2/75‑CL‑XIV, Dated:- 9-7-1975 Circular
Companies Law
Letter : No. 3/2/75‑CL‑XIV, dated 9‑7‑1975. Subject:- Contracts in which directors a .....

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..... quire approval under the proviso to sub‑section (1) of section 297. In case, however, any modification is made in the terms of the contract or it is renewed after the expiry of its original peri .....

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