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In the case of a proposed contract or arrangement, the disclosure is required to be made by a director under sub-sec.
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If the circumstances are of urgent necessity the prior approval of the Board is not required but the consent should be obtained within three months by a resolution passed in the board meeting.
But where a company requires the previous approval of central government this relaxation shall not apply. or more are required to obtain prior approval from the Central Government (power delegated to the Regional Director) for entering into contracts covered under section 297. 24 of the companies’ general rules and forms along with a copy of board resolution and copy of agreement to be entered into should be filed. 394AA would be enough and no separate approval under section 297 would be required.
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The register must be placed before the next meeting of the Board and must then be signed by all the directors present at that meeting. X-rays provide important details about your teeth and dentistry background.The object of the above section 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.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 has to comply with the provision of sec.640B and rule 20A of the companies (Central Government’s General Rules and Forms) 1956. 297: Ø Obtain the consent of the Board or Central Government or Shareholders as the case may be, Ø Make disclosure of Interest at the Board Meeting in form 24AA Ø Enter the particulars in the register of contracts with director within 7 days Ø Place the register at the first meeting of the Bo D and obtain signature Every director of a company who is in any way, whether directly or indirectly concerned or interested in a contract or arrangement, or proposed contract or arrangement entered into or to be entered into, by or on behalf of the company, shall disclose the nature of his concern or interest at a meeting of the Board of directors.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 Ã©lÃ¨ves et aux parents qui alimentent cet espace vecteur de communication joyeuse de votre Ã©erel. 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 libÃ©ralisme tempÃ©rÃ© avec une forte dose du social.Tags: Adult Dating, affair dating, sex dating