Interested directors - Disclosure of interest - Whether it is collective responsibility of directors to comply with requirement in sub section (6)

Interested directors - Disclosure of interest - Whether it is collective responsibility of directors to comply with requirement in sub section (6) https://www.taxtmi.com/circulars?id=10685 Section 299(6) places a collective responsibility on the board to secure disclosure of directors' shareholdings when considering contracts with another company, with directors using general notice under section 299(3) for larger holdings and disclosing smaller holdings at the relevant board meeting; absent directors' holdings must be ascertained before the board proceeds. en-us Fri, 19 May 1961 00:00:00 +0530 Thu, 16 Jun 2011 11:43:00 +0530 TaxTMI RSS Generator Interested directors - Disclosure of interest - Whether it is collective responsibility of directors to comply with requirement in sub section (6) https://www.taxtmi.com/circulars?id=10685 Section 299(6) places a collective responsibility on the board to secure disclosure of directors' shareholdings when considering contracts with another company, with directors using general notice under section 299(3) for larger holdings and disclosing smaller holdings at the relevant board meeting; absent directors' holdings must be ascertained before the board proceeds. Circulars Companies Law Fri, 19 May 1961 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10685