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[Cites 0, Cited by 2] [Section 307] [Entire Act]

Union of India - Subsection

Section 307(2) in The Companies Act, 1956

(2)Where any shares or debentures have to be recorded in the said register or to be omitted therefrom, in relation to any Director, by reason of a transaction entered into after the commencement of this Act and while he is a Director, the register shall also show the date of, and the price or other consideration for, the transactions:Provided that where there is an interval between the agreement for any such transaction and the completion thereof, the date so shown shall be that of the agreement.