Whole-time bona fide employment: director qualifies only if terms forbid other jobs and none is taken. The Instruction limits qualification as a whole-time bona fide employee to cases where the employment terms forbid other employment and none is taken; it also rules that shares 'actually belonging' to a director but registered in another's name count for rule 86 only where benami character is proved, admitted, or openly professed, and modifies Instruction No.1143 accordingly.
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.
Whole-time bona fide employment: director qualifies only if terms forbid other jobs and none is taken.
The Instruction limits qualification as a whole-time bona fide employee to cases where the employment terms forbid other employment and none is taken; it also rules that shares "actually belonging" to a director but registered in another's name count for rule 86 only where benami character is proved, admitted, or openly professed, and modifies Instruction No.1143 accordingly.
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