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of <h1>New Rules Regulate Appointment of Directors' Relatives to Profitable Positions Under Companies Act, 1956</h1> The Director's Relatives (Office or Place of Profit) Rules 2003 were established by the Central Government under the Companies Act, 1956. These rules, published on February 5, 2003, by the Ministry of Finance and Company Affairs, outline regulations concerning the appointment of relatives of directors to positions of profit within companies. The rules are enacted under the authority granted by specific sections of the Companies Act, ensuring compliance with legal standards for such appointments. The notification was issued by the Department of Company Affairs and signed by a Joint Secretary.
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