TaxTMI 
TaxTMI 
Disclosure to members of directors interest in contract appointing manager, managing director, managing agent or secretaries and treasurers.
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....urers]. 302. (1) Where a company^_____ (a) enters into a contract for the appointment of a manager of the company, in which contract any director of the company is in any way, whether directly or indirectly, concerned or interested; or (b) varies any such contract already in existence and in which a director is concerned or interested as a....
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....ndum clearly specifying the nature of the concern or interest of such other director in the contract or variation shall also be sent to every member of the company with the abstract aforesaid. ^[2][(3) * * *] (4) Where a director becomes concerned or interested as aforesaid in any such contract as is referred to in sub-section (1), (2) or (3) after it is made, the abstract and the memorandum....
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....payment of the same fee, as in the case of the register of members of the company; and the provisions of section 163 shall apply accordingly. (7) The provisions of this section shall apply in relation to any resolution ^[5][* * *] of the Board of directors of a company appointing a manager or a managing or whole-time director, or varying any previous contract or resolution of the company relati....
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.... interested as aforesaid, or proposes to very any such contract already in existence in which director is concerned or interested as aforesaid, the company shall send the abstract and memorandum referred to in sub-section (2) to every member of the company, in sufficient time before the general meeting of the company at which the proposal is to considered."]. [3] Substi....