There is a Section No. 87 has concerned with the purchase company property by director. Detail in the section 87 said that ;
Section 87: If any director purchase property of the company or sells property to company or conducts any business with the company, regardless of whether it is his or her name or in the name of other persons, unless approved by the board of directors, such purchase, sale or deal shall not bind the company.
If we sold the company’s property to director it should be inform BOD for acknowledge and approval. Please let me know if no any objection to put this matter into agenda no. 7.4 ( other business)