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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Companies (Amendment) Act 2017 alters section 184: updates director interest disclosure in inter-company contracts.</h1> The Companies (Amendment) Act, 2017 modifies section 184 of the principal Act. It removes the phrase 'shall not be less than fifty thousand rupees but which' from sub-section (4). In sub-section (5), it replaces clause (b) with a new provision. This provision applies to contracts or arrangements between companies or between companies and bodies corporate, where directors collectively hold no more than two percent of the paid-up share capital in the other entity involved.
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