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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..... irector - Letter : No. 8/2/(Misc.) 75/CL‑V, Dated:- 6-6-1975 Circular - Circulars - Companies Law - Letter : No. 8/2/(Misc.) 75/CL ‑ V, dated 6 ‑ 6 ‑ 1975. Subject .....

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..... in cash for purchases without any limit in view of the provisions of the Income‑tax Act which requires payments exceeding Rs. 2,500 to be made by cheque? Answer : A cheque may be treated as .....

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