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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..... naging director - Letter : No. 3/2/75‑CL‑XIV, Dated:- 9-7-1975 Circular - Circulars - Companies Law - Letter : No. 3/2/75 ‑ CL ‑ XIV, dated 9 ‑ 7 ‑ 1975. .....

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..... endment) Act, 1974 was brought into force would not require approval under the proviso to sub‑section (1) of section 297. In case, however, any modification is made in the terms of the contract .....

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