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[Cites 0, Cited by 1] [Section 166] [Entire Act]

Union of India - Subsection

Section 166(5) in The Companies Act, 2013

(5)A director of a company shall not achieve or attempt to achieve any undue gain or advantage either to himself or to his relatives, partners, or associates and if such director is found guilty of making any undue gain, he shall be liable to pay an amount equal to that gain to the company.