A director who is in any way interested in a contract or arrangement entered into or to be entered i...........

Companies Act-Phase (I & II) Directors - powers and appointment

A director who is in any way interested in a contract or arrangement entered into or to be entered into by or on behalf of a company is known as:

Managing Director

Independent Director

Interested Director

Whole Time Director

None of the Above

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Explanation:

As per Section 2(49) of Companies Act, 2013 ‘’Interested Director” means a director who is in any way, whether by himself or through any of his relative or firm, body corporate or other association of individuals in which he or any of his relative is a partner, director or a member, interested in a contract or arrangement, or proposed contract or arrangement, enter into or to be entered into by or on behalf of a company.