Director disclosure of interest ensures collective board responsibility to identify and declare shareholdings before considering related contracts. Section 299(6) places a collective responsibility on the board to secure disclosure of directors' shareholdings when considering contracts with another company, with directors using general notice under section 299(3) for larger holdings and disclosing smaller holdings at the relevant board meeting; absent directors' holdings must be ascertained before the board proceeds.
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 disclosure of interest ensures collective board responsibility to identify and declare shareholdings before considering related contracts.
Section 299(6) places a collective responsibility on the board to secure disclosure of directors' shareholdings when considering contracts with another company, with directors using general notice under section 299(3) for larger holdings and disclosing smaller holdings at the relevant board meeting; absent directors' holdings must be ascertained before the board proceeds.
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