https://www.taxtmi.com/acts?id=12642 Companies must keep one or more registers recording contracts and arrangements covered by related-party restrictions, noting date, parties, principal terms, board placement date where applicable, and directors' votes; the register must also list firms and bodies corporate disclosed by each director. Entries must be made within prescribed short periods after board approval or receipt of particulars (or within a specified longer period where applicable) and placed before and signed at the next board meeting. Low-value supply contracts and certain routine banking transactions are exempt, noncompliance attracts a monetary fine, and members have inspection rights at the registered office. en-us Fri, 13 May 2011 14:43:39 +0530 Fri, 13 May 2011 14:43:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12642 Companies must keep one or more registers recording contracts and arrangements covered by related-party restrictions, noting date, parties, principal terms, board placement date where applicable, and directors' votes; the register must also list firms and bodies corporate disclosed by each director. Entries must be made within prescribed short periods after board approval or receipt of particulars (or within a specified longer period where applicable) and placed before and signed at the next board meeting. Low-value supply contracts and certain routine banking transactions are exempt, noncompliance attracts a monetary fine, and members have inspection rights at the registered office. Act-Rules Companies Law Fri, 13 May 2011 14:43:39 +0530 https://www.taxtmi.com/acts?id=12642