Director's Relatives Office or Place of Profit rules notify scope and applicability under the Companies Act. Notification establishes the Director's Relatives (Office or Place of Profit) Rules, 2003 under the Companies Act by exercising powers under clause (b) of sub section (1) of section 642 read with sub section (1B) of section 314. The instrument creates a regulatory framework concerning the status of offices or places of profit held by relatives of directors and records publication in the official Gazette as the formal administrative enactment bringing those rules into force.
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.
Director's Relatives Office or Place of Profit rules notify scope and applicability under the Companies Act.
Notification establishes the Director's Relatives (Office or Place of Profit) Rules, 2003 under the Companies Act by exercising powers under clause (b) of sub section (1) of section 642 read with sub section (1B) of section 314. The instrument creates a regulatory framework concerning the status of offices or places of profit held by relatives of directors and records publication in the official Gazette as the formal administrative enactment bringing those rules into force.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.