'No Conflict Rule'

Query is not clear.

I got this question in my corporate law exam paper, and I have no idea about it's answer.

The No Conflict Rule applies to those persons in a Company who have a fiduciary position like Directors.

According to 'No Conflict Rule' , the Directors or such persons should not act in such a way which is deterimental to the health of the company.

For example, a Director in a company should not invest in a Rival company.

Or another example, the Directors should not be partners of the Auditing Company.

These two positions of Directors may result in conflict in undertaking their fiduciary duty towards the company.

Thank you sanjay.Now I am clear about it.I should use Section 299 and 300 of companies act right?