Contracts in which directors are interested Whether proviso to the sub section, requiring approval of Central Government in the case of companies having paid up capital of Rs. 1 crore or more, applies to contract of employment of director as managing director

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....ject:- Contracts in which directors are interested ‑ Whether proviso to the sub‑section, requiring approval of Central Government in the case of companies having paid‑up capital of Rs. 1 crore or more, applies to contract of employment of director as managing director The presumption that proviso to sub‑section (1) of section 297 introduced by the Companies (Amendment) Act....