Director Employment And Disclosure

Summary

The Companies Act, 2013 does not explicitly prohibit a director from being an employee of another company, but internal policies and potential conflicts of interest should be considered. Declaring directorship in advance can mitigate issues, but company policies must be followed. Directors should disclose any potential conflicts of interest to avoid legal issues. Failure to disclose can make a contract voidable and may lead to legal action. Relevant provisions include Section 166 for director duties, Section 184 for disclosure of interest, and Sections 188 and 184 for related party contracts and disclosure requirements.

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what provisions need to be seen for the above questions
To address your questions under the Companies Act, *, consider the following provisions:
*. Director Employment:
- Check Section *, which outlines the duties of directors, including avoiding conflicts of interest.
*. Declaring Directorship:
- Refer to Section *, which mandates disclosure of interest by directors.
*. Disclosure and Conflict of Interest:
- Review Sections * and * for contracts involving related parties and disclosure requirements.
Would you like further clarification on specific sections or legal implications?