Duty of directors and persons deemed to be directors to make disclo­sure of shareholdings.

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..... directors and persons deemed to be directors to make disclo sure of shareholdings. 308. (1) Every director of a company, and every person deemed to be a director of the company by virtue of sub- .....

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..... read at the meeting of the Board next after it is given. (3) Any person who fails to comply with sub-section (1) or (2) shall be punishable with imprisonment for a term which may extend to two year .....

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