https://www.taxtmi.com/caselaws?id=96762 Section 91-A(2) of the Companies Act, 1913 was construed broadly to cover contracts entered into by or on behalf of the company, even if they were not made at a directors' meeting. The disclosure obligation was not confined to transactions concluded in meeting form, because the reference to disclosure at the next meeting after the contract was made showed a wider statutory reach. The purchases in question were treated as contracts within the section, and the proviso indicated that even small transactions were not excluded. As the alleged disclosure was not proved, the disclosure requirement was held to apply and the convictions and fines remained undisturbed. en-us Fri, 04 Feb 1938 00:00:00 +0530 Tue, 10 Jan 2012 18:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96762 Section 91-A(2) of the Companies Act, 1913 was construed broadly to cover contracts entered into by or on behalf of the company, even if they were not made at a directors' meeting. The disclosure obligation was not confined to transactions concluded in meeting form, because the reference to disclosure at the next meeting after the contract was made showed a wider statutory reach. The purchases in question were treated as contracts within the section, and the proviso indicated that even small transactions were not excluded. As the alleged disclosure was not proved, the disclosure requirement was held to apply and the convictions and fines remained undisturbed. Case-Laws Companies Law Fri, 04 Feb 1938 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96762