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

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....r<br>Companies Law<br>Circular : No. 8/16(1)/61&#8209;PR, dated 19&#8209;5&#8209;1961. Subject:-Interested directors - Disclosure of interest - Whether it is collective responsibility of directors to....

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....s 2 per cent of its paid&#8209;up capital and when his holding is less than that, to disclose the extent of the holding at the meeting of the board of directors in which contract with such company is ....