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[Cites 0, Cited by 1] [Section 416] [Entire Act]

Union of India - Subsection

Section 416(2) in The Companies Act, 1956

(2)Every such person who enters into a contract as aforesaid shall forthwith deliver the memorandum to the company and send copies thereof to each of the Directors; and such memorandum shall be filed in the office of the company and laid before the Board of Directors at its next meeting.