Annual report transparency expanded to require disclosure of non unanimous board decisions and related party transactions. Amendment expands reporting under section 120 by requiring the annual report to include activities and details of board decisions that were not unanimous; it also mandates disclosure of employees who are relatives of board members, declarations of related party transactions by the board, and any other information the Central Registrar may require under the Act or rules.
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Provisions expressly mentioned in the judgment/order text.
Annual report transparency expanded to require disclosure of non unanimous board decisions and related party transactions.
Amendment expands reporting under section 120 by requiring the annual report to include activities and details of board decisions that were not unanimous; it also mandates disclosure of employees who are relatives of board members, declarations of related party transactions by the board, and any other information the Central Registrar may require under the Act or rules.
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