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in respect of which the accounts of the company have been made up the aggregate amount received in that year by way of remuneration or other emoluments by persons being directors of the company, whether as such directors or otherwise in connection with the management of the affairs of the company, and there shall, in respect of any such director who is
(a) a director of any other company which is in relation to the first-mentioned company a subsidiary company; or
(b) by virtue of the nomination, whether direct or indirect, of the company a director of any other company;
be included in the said aggregate amount any remuneration or other emoluments received by him for his own use whether as a director of, or otherwise in connection with the management of the affairs of, that other company:
Provided that-
(i) a dermand for a statement under this section shall be of no effect if the company within one month after the date on which the de- mand is made resolve that the statement shall not be furnished; and
(ii) it shall be sufficient to state the total aggre- gate of all sums paid to or other emoluments received by all the directors in each year without specifying the amount received by any individual.
(2) In computing for the purpose of this section the amount of any remuneration or emoluments received by any director, the amount actually received by him shall, if the company has paid on his behalf any sum by way of income tax (including super-tax and sur-tax) in respect of the remuneration or emolu- ments, be increased by the amount of the sum so paid.
(3) If any director fails to comply with the require- ments of this section, he shall be liable to a fine not exceeding five hundred dollars.
(4) In this section the expression "emoluments" includes fees, percentages and other payments made or consideration given, directly or indirectly, to a director as such, and the money value of any allow, ances or perquisites belonging to his office.
148.-(1) Subject to the provisions of this section, Disclosure it shall be the duty of a director of a company who by directors is in any way, whether directly or indirectly, interest of interest ed in a contract or proposed contract with the 19 & 20 Geo. company to declare the nature of his interest at a 5, c. 23, meeting of the directors of the company.
(2) In the case of a proposed contract the declara- tion required by this section to be made by a director ́shall be made at the meeting of the directors at which the question of entering into the contract is first taken into consideration, or, if the director was not at the date of that meeting interested in the proposed contract, at the next meeting of the directors held after he became so interested, and, in a case where the director becomes interested in a contract after it is made, the said declaration shall be made at the first meeting of the directors held after the director becomes so interested.
(8) For the purpose of this section, a general notice given to the directors of a company by a director to the effect that he is a member of a specified company or firm and is to be regarded as interested in any
in contracts.
6. 149,
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