(1) Where at a meeting of the directors of the company or any subsidiary any of the following matters arises, namely -
(a) an arrangement to which the company or a subsidiary is a party or a proposed such arrangement,
(b) a contract or other agreement with the company or a subsidiary or a proposed such contract or other agreement,
(c) the giving, grant or renewal by the company or a subsidiary of a certificate, licence, authorisation or instrument of approval, or
(d) the revocation, cancellation, withdrawal, suspension or endorsement by the company or a subsidiary of a certificate, licence, authorisation or instrument of approval, given or granted -
(i) by the company or a subsidiary, or
(ii) by the Minister under a provision of, or made under, the Acts,
then, any director of the company or the first-mentioned subsidiary present at the meeting who otherwise than in his capacity as such a director is in any way, whether directly or indirectly, interested in the matter -
(I) shall at the
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