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1. In the context of the Companies Act 2016, section 221(1) states that every director who is directly or indirectly interested in a contract with

1. In the context of the Companies Act 2016, section 221(1) states that every director who is directly or indirectly interested in a contract with the company shall declare the nature of his interest at a meeting of the board of directors.

Advise how the director shall declare his interests. (30 marks)

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