Director interest rule extends to contracts with both public and private companies, covering indirect interests. The provision captures a director's interest 'in any way directly or indirectly,' extending its reach beyond rules limited to specified direct contracts and applying to contracts with both public and private companies. The term 'body corporate' in the clause is to be read by reference to the statutory definition and is not limited to private companies, thereby applying to corporate entities generally for the purpose of regulating directors' interested contracts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Director interest rule extends to contracts with both public and private companies, covering indirect interests.
The provision captures a director's interest "in any way directly or indirectly," extending its reach beyond rules limited to specified direct contracts and applying to contracts with both public and private companies. The term "body corporate" in the clause is to be read by reference to the statutory definition and is not limited to private companies, thereby applying to corporate entities generally for the purpose of regulating directors' interested contracts.
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