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        Companies Law

        The Companies (Removal of Difficulties) Sixth Order, 2014

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        Related party definition clarified: insertion of 'or his relative' after manager to harmonise scope under the Act. Clarifies the statutory definition of related party by inserting the phrase 'or his relative' after the word 'manager' in clause (76)(iv) to harmonise the definition across sub clauses and ensure managers and their relatives are captured consistently as related parties.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Related party definition clarified: insertion of 'or his relative' after manager to harmonise scope under the Act.

                              Clarifies the statutory definition of related party by inserting the phrase "or his relative" after the word "manager" in clause (76)(iv) to harmonise the definition across sub clauses and ensure managers and their relatives are captured consistently as related parties.


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