Contracts in which directors are interested 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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....<br>Letter : No. 3/2/75&#8209;CL&#8209;XIV, Dated:- 9-7-1975 Circular<br>Companies Law<br>Letter : No. 3/2/75&#8209;CL&#8209;XIV, dated 9&#8209;7&#8209;1975. Subject:- Contracts in which directors ar....

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....uire approval under the proviso to sub&#8209;section (1) of section 297. In case, however, any modification is made in the terms of the contract or it is renewed after the expiry of its original perio....