Register of contracts - Whether for proper compliance of the section contracts have to be brought before the board and relevant details entered in register
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Register of contracts compliance requires board presentation and formal register entry for all prescribed contracts. Contracts that fall within the prescribed classes must be presented to the board and the requisite particulars entered in the statutory register; ... Summary
Register of contracts compliance requires board presentation and formal register entry for all prescribed contracts.
Contracts that fall within the prescribed classes must be presented to the board and the requisite particulars entered in the statutory register; retrospective or informal entries do not meet the statutory requirement, and no relaxation of the board presentation and register entry obligations is permitted under the present wording of the provisions.
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