Rules

3 Related Party

3 Related Party

For the purposes of sub-clause (ix) of clause (76) of section 2 of the Act, a director ¹[other than an independent director] or key managerial personnel of the holding company or his relative with reference to a company, shall be deemed to be a related party.

Amendments

1.Inserted by Notification Dated 17th July, 2014.

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