Interested Director - Definition - Law Dictionary Home Dictionary Definition interested-director

Definition :

Interested Director, a relationship of friendliness with the Directors who are interested in the contract or arrangement or even the mere fact of a lawyer-client relationship with such directors will not disqualify a person from acting as a Director on the ground of his being, under s. 300(1), an 'interested' Director, Needle Industries (India) Ltd. v. Needle Industries Newey (India) Holdings Ltd., AIR 1981 SC 1298: (1981) 3 SCC 33. [Companies Act, 1956, s. 300]