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Section 184 urgent doubt
If all the director knows about the interst of the director b4 entering into contract with such dir then whether he require to make disclosure u/s184...plz...rply...it is a FAQ...
Replies (4)
Plz reply if some1 has knowledge
Dear Mr Nitish
Section 184(2) requires that every director shall disclose his nature of his interest in the contract in the meeting of the Board . In this case , it is duty of interested director to disclose his interest in the contract. Its purpose is that not only every director personally know his interest, but also every director should now that every other director also nows his interest and the Board should take reasoned decision to allow or not to allow the that contract with the interestred director. Krishan Singla
So is it required or not....?
Certainly he is required to dislose his interest before the meeting.
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