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of <h1>New Circular Updates Director Appointment Forms, Clarifies 'Proceedings' Term for Compliance in Form Nos. 25A, 25C Rules.</h1> The circular addresses the approval of appointments, re-appointments, and remuneration for managing or whole-time directors and managers, alongside revisions to application forms to include additional information. It clarifies concerns about the term 'proceedings' in Form Nos. 25A and 25C, stating that compliance is achieved by providing details of any penalties or convictions under specified Acts from the past eight years, and any pending proceedings involving violations that could result in penalties. This aims to streamline the process and ensure clarity in the required disclosures.
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