Related party definition clarified: company where director and relatives hold above prescribed share threshold qualifies as related The Central Government clarifies that where a director or manager is a director of a public company and, together with his relatives, holds more than the prescribed shareholding threshold of its paid-up capital, that public company shall be treated as a related party; the Companies 1st (Removal of Difficulties) Order, 2014 takes effect on publication in the Official Gazette.
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Related party definition clarified: company where director and relatives hold above prescribed share threshold qualifies as related
The Central Government clarifies that where a director or manager is a director of a public company and, together with his relatives, holds more than the prescribed shareholding threshold of its paid-up capital, that public company shall be treated as a related party; the Companies 1st (Removal of Difficulties) Order, 2014 takes effect on publication in the Official Gazette.
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