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of <h1>Companies Must Use Form MBP-4 to Record Director Interests and Related Party Contracts per Section 189(1) & Rule 16(1)</h1> Form MBP-4 is a register used by companies to document contracts with related parties and entities in which directors have an interest, as per section 189(1) and rule 16(1) of the Companies Law. It records details such as the date of the contract, the party involved, the interested director, their relationship with the company, principal terms, and whether the transaction is at arm's length. It also includes board meeting details, voting outcomes, and shareholder approval information. Additionally, it lists other entities where directors hold an interest, specifying the nature and changes in such interests.
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