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          <h1>Definition of 'Relative' in Companies Act, 1956: Criteria Include HUF Members, Spouses, and Schedule IA Relations</h1> A person is considered a relative under the Companies Act, 1956, if they meet specific criteria: they are members of a Hindu undivided family, they are husband and wife, or they are related in a manner detailed in Schedule IA. This definition was updated by the Companies (Amendment) Act, 1960.

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