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of <h1>Approval Needed for Director's Relative Appointment u/s 314(1B), Except When Meeting Schedule XIII Conditions.</h1> Approval under section 314(1B) is required only if a relative of a director is appointed in a capacity other than a whole-time or managing director. If a relative is appointed as a whole-time director and meets the conditions in Schedule XIII, approval under section 314(1B) is not necessary. However, the appointment of a whole-time director still requires Central Government approval under section 269, unless Schedule XIII conditions are met. The policy does not control appointments of relatives as whole-time or managing directors unless remuneration conditions outlined in previous circulars are exceeded.
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