Section 229, The Companies Act, 2009

(1) For the purposes of sections 227 and 228 theexpression “payment” includes any benefit or advantage whether in cash or in kind. supplemental to sections 227 and 228. 166 167 (2) Sections 227 and 228 shall not render unlawful or apply to the payment of damages awarded or approved by any competent court for breach of any valid service agreement or the bona fide payment of any pension or superannuation benefit in respect of past services in accordance with a valid service agreement. Powers and duties of directors