Contracts in which directors are interested ‑ Whether proviso to the sub‑section, requiring approval of 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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..... V, dated 29 ‑ 3 ‑ 1975. Subject:- Contracts in which directors are interested ‑ Whether proviso to the sub ‑ section, requiring approval of 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 The presumption that proviso to sub‑section ( .....

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