Section 214 — Contracts by agents of company in which company is undisclosed principal

(1) Every officer or other agent of a company, other than
a private company, not being the subsidiary company of a public company, who
enters into a contract for or on behalf of the company in which contract the company
is an undisclosed principal shall, at the time of entering into the contract, make a
memorandum in writing of the terms of contract, and specify therein the person
with whom it has been made.

(2) Every such officer or other agent shall forthwith deliver the
memorandum aforesaid to the company and its directors which shall be laid before
next meeting of the board.
(3) If any such officer or other agent makes default in complying with
the requirements of this section—
(a) the contract shall, at the option of the company, be void as against
the company; and

(b) such officer or other agent shall be liable to a penalty of level 1 on
the standard scale.