. Section 223 provides that no right or option to shares or convertible debentures may be given to directors, except if authorised by special resolution; . Section 234 provides that a director of a company who is in any way, whetherdirectly or indirectly, materially interested in a contract or proposed contract referred to in subsection 2, which has been or is to be entered into by the company or who so becomes interested in any such contract after it has been entered into, shall declare his interest and full particulars thereof as provided in this Act; . Section 251 provides that every director or officer of a company who makes, or circulates or publishes or concurs in making, circulating or publishing any certificate, written statement, report or financial statements in relation to any property or affairs of the company which is false in any material respect shall be guilty of an offence; and . Section 284 provides that every company shall keep in one of the official languages of the Republic such accounting records as are necessary fairly to present the state of affairs and business of the company and to explain the transactions and financial position of the trade or business of the company. 4. Proceedings of the inquiry