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of <h1>New Rules for Director's Relatives in Companies: Approval Needed for High-Paying Roles Over Rs. 2.5L/Month</h1> The Director's Relative (Office or Place of Profit) Rules, 2011, issued by the Ministry of Corporate Affairs, establish regulations under the Companies Act, 1956, for appointing relatives of directors to positions of profit within companies. These rules require Central Government approval for such appointments if the remuneration exceeds Rs. 2,50,000 per month. A Selection Committee, primarily composed of independent directors and an outside expert, must approve appointments in listed public companies. The application process involves providing detailed information about the appointee's employment, remuneration, and qualifications, as well as the company's shareholding and dividend history.
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