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of <h1>Central Government Delegates Powers on Director-Interested Contracts to Regional Directors Under Companies Act, Section 297(1)</h1> The Central Government, under the Companies Act, 1956, has delegated its powers and functions regarding contracts in which directors are interested to Regional Directors located in Bombay, Calcutta, Madras, and Kanpur. This delegation pertains specifically to the proviso of section 297(1) of the Act. The notification, identified as GSR 563(E) and dated August 19, 1993, takes effect from its publication date in the Official Gazette.
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