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What is Section 314: Directors and Profit Offices about?

This document outlines restrictions on directors of a company holding offices or positions of profit in the company or its subsidiaries. It states that no director can hold such a position except with shareholder consent by special resolution. It also prohibits relatives of directors and firms where directors are partners from such positions, except as managing director, banker, or trustee. It details requirements for consent, declarations of connections to directors, consequences of non-compliance, and wha

Author

sabhardwaj

Language

EN