https://www.taxtmi.com/caselaws?id=97436 A director is disqualified from voting only where a contract or arrangement creates a personal interest conflicting with duty to the company. Construing section 91B(1) with section 91A of the Indian Companies Act, 1913, the Court held that the prohibition applies to transactions involving personal gain or conflict, not to ordinary corporate management. A board resolution authorising directors to operate company banking arrangements was treated as a normal delegation of managerial power, not an interested arrangement. The resolutions therefore did not attract section 91B(1), no contravention was made out, and the acquittal was upheld. en-us Wed, 22 Aug 1956 00:00:00 +0530 Mon, 16 Jan 2012 17:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97436 A director is disqualified from voting only where a contract or arrangement creates a personal interest conflicting with duty to the company. Construing section 91B(1) with section 91A of the Indian Companies Act, 1913, the Court held that the prohibition applies to transactions involving personal gain or conflict, not to ordinary corporate management. A board resolution authorising directors to operate company banking arrangements was treated as a normal delegation of managerial power, not an interested arrangement. The resolutions therefore did not attract section 91B(1), no contravention was made out, and the acquittal was upheld. Case-Laws Companies Law Wed, 22 Aug 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97436