You are the Company Secretary of a public limited company having paid-up share capital of ₹5 crore. On receipt of notice and agenda for the next Board meeting, one of the directors of the company has submitted necessary
CS Professional · Advanced Company Law and Practice · PYQS · December 2014
You are the Company Secretary of a public limited company having paid-up share capital of ₹5 crore. On receipt of notice and agenda for the next Board meeting, one of the directors of the company has submitted necessary form making disclosure to the company that he is interested in the contract which the Board of directors proposes to enter into with a private company in which he is a director. Advise the Board of directors, the procedure the company has to undertake regarding the contract.
Topics: Meetings of Board and its Powers
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