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Any such general notice shall expire at the end of the financial year in which it is give, but may be renewed for further periods of one financial year at a time, by a fresh notice given in the last month of the financial year in which it would otherwise expire Provisions of Section 299 will be attracted not only for a contract but also for other arrangements in which director of a company is directly or indirectly interested or concerned, whereas section 297 deals with the contracts in which directors etc. Section 299 applies in all transactions, whether they relate to movable or immovable property or concerned directly or indirectly. if in the board of a public limited company all the directors are relative being husband wife daughter, mother and father then can they appoint one of them managing director through a board resolution? En tout cas bravo aux enseignantes, aux élèves et aux parents qui alimentent cet espace vecteur de communication joyeuse de votre éerel. The overall look of your website is excellent, as well as the content! Thanks For Your article about Uruguay Senate votes to decnimiralise abortion | The Life League . c’est un libéralisme tempéré avec une forte dose du social.

Ø Ensure that the disclosure were duly made by all directors in form 24AA Ø A General notice of disclosure has been duly renewed Ø Particulars of interest entered in the register of contracts etc. will section 300 apply to appointment of managing director? Pieroctte pour le conseil de Tutelle Wow, incredible blog layout! vous entendez parler des pays mais vous n’aviez jamais été. Connaisez-vous l’islande, pourquoi n’en parlez pas car les conservateurs veulent vous maintenir dans l&oniur;qgsorance totale de ce qui se passe ailleurs.

Since directors are in a key position to operate the company and so all the relevant and required transactions and agreements are entered into by the directors with the other parties to run the business of the company.

It may sometimes happen that directors of the company may have some interest in the contracts entered into by the companies.

A director is said to be interested in a contract when the party to a contract is: · A director of the company · Relative of any director · A firm in which such a director or his relative is a partner · Any other partner in such a firm · A private company of which the director is a member or director Object: The object of section 297 is to bring into the knowledge of the Board of directors, the extent of the interest of a director, in any contract proposed to be entered with the company by the Director or any of his specified associates.

the company or the other party regularly trade or does business and, b). Section 297 deals with the transactions between the company and § A director of the company § His relative § A firm in which the director or his relative is a partner § A private company of which the director is a member or director § And a partner of a firm in which the director or his relative is a partner The contract shall be entered only with the consent of Bo D accorded by a resolution passed in the board meeting.

Although the prior approval of Bo D is required u/s 297, a relaxation under sub section (3) of section 297 has been provided.

However if facts and circumstances of a case require the approval u/s 269 or 314(IB) or sec. Failure to obtain the Board’s consent will make a contract voidable at the option of Bo D.

The contract shall become void only when the Bo D avoids it.

A director is said to be interested in a contract when the party to a contract is: · A director of the company · Relative of any director · A firm in which such a director or his relative is a partner · Any other partner in such a firm · A private company of which the director is a member or director Object: The object of section 297 is to bring into the knowledge of the Board of directors, the extent of the interest of a director, in any contract proposed to be entered with the company by the Director or any of his specified associates.

the company or the other party regularly trade or does business and, b). Section 297 deals with the transactions between the company and § A director of the company § His relative § A firm in which the director or his relative is a partner § A private company of which the director is a member or director § And a partner of a firm in which the director or his relative is a partner The contract shall be entered only with the consent of Bo D accorded by a resolution passed in the board meeting.

Although the prior approval of Bo D is required u/s 297, a relaxation under sub section (3) of section 297 has been provided.

However if facts and circumstances of a case require the approval u/s 269 or 314(IB) or sec. Failure to obtain the Board’s consent will make a contract voidable at the option of Bo D.

The contract shall become void only when the Bo D avoids it.

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