Disclosure of interest by a director under section 184(2)

According to section 184(2), where the director of the company weather directly or indirectly intrested in contract or arrangement entered with body corporate in which either such director indivisually or in association with other director holds more than 2% of the shareholding of the body corporate or a firm in which such a director is a partner , is required to disclsoe the nature of intrest at the board meeting in which contract or arrangement is discussed in form mbp 1 but such director is exempted from participating in such board meeting.

But as per notification dated 5th june 2015 , in case of private company such director is required to participate in board meeting after the disclosure of such interest.

Hi Niraj, I have the same query as the section says 'if the director is directly or indirectly interested' (and interested director is also covered by section 2(49) which covers relatives + other entities in which the director/relative are partners/directors/members).
However, below it says in such body corporate in which 'such director ' is a promoter, manager, CEO or > 2% shareholder (with other directors).

Kindly let me know if you have found the answer.

Thank you so much!