Approval under special director provisions suffices, eliminating separate general provision approval requirement for overlapping director employment contracts. The Department treats the general proviso requiring Central Government approval for contracts in which directors are interested as general and provisions regulating director appointments and employment terms as special; where approval is required under the special provisions for a managing director's employment or related director specific provisions, that approval is sufficient and no separate approval under the general proviso is necessary.
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.
Approval under special director provisions suffices, eliminating separate general provision approval requirement for overlapping director employment contracts.
The Department treats the general proviso requiring Central Government approval for contracts in which directors are interested as general and provisions regulating director appointments and employment terms as special; where approval is required under the special provisions for a managing director's employment or related director specific provisions, that approval is sufficient and no separate approval under the general proviso is necessary.
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