Disclosure of interest by director

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....closures already made, then at the first Board meeting held after such change, disclose his concern or interest in any company or companies or bodies corporate, firms, or other association of individuals which shall include the shareholding, in such manner as may be prescribed. (2) Every director of a company who is in any way, whether directly or indirectly, concerned or interested in a contra....

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....concerned or interested after the contract or arrangement is entered into, disclose his concern or interest forthwith when he becomes concerned or interested or at the first meeting of the Board held after he becomes so concerned or interested. (3) A contract or arrangement entered into by the company without disclosure under sub-section (2) or with participation by a director who is concerned ....

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....her holds or hold not more than two per cent. of the paid-up share capital in the other company or the body corporate.]     ************** NOTES:- 1.  Omitted vide Section 60 of the Companies (Amendment) Act, 2017 w.e.f. 09-02-2018 (Notified vide Notification No. S.O. 630(E) dated 09-02-2018) before it was read as, "shall not be less than....