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of <h1>Schedule IA of Companies Act, 1956 defines relatives for corporate purposes, including family and in-laws, updated in 1965.</h1> The Companies Act, 1956, Schedule IA, as amended, defines a list of relatives relevant for legal and corporate purposes. This list includes immediate family members such as parents, children, and siblings, including step-relations, and extends to grandparents, grandchildren, and in-laws. Specific entries were omitted following the Companies (Amendment) Act, 1965. This statutory provision is crucial for determining relationships that may affect corporate governance, compliance, and legal obligations under the Companies Act.
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