https://www.taxtmi.com/circulars?id=10751 Members occupying central governing positions, such as boards of trustees constituted by statute and the Central Board of Directors of the State Bank, are to be regarded as directors for the purposes of section 303 under the inclusive definition of a person occupying the position of director by whatever name. Conversely, membership of local boards that do not constitute the central governing body is not to be treated as a directorship for section 303. en-us Wed, 26 Aug 1964 00:00:00 +0530 Thu, 16 Jun 2011 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10751 Members occupying central governing positions, such as boards of trustees constituted by statute and the Central Board of Directors of the State Bank, are to be regarded as directors for the purposes of section 303 under the inclusive definition of a person occupying the position of director by whatever name. Conversely, membership of local boards that do not constitute the central governing body is not to be treated as a directorship for section 303. Circulars Companies Law Wed, 26 Aug 1964 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10751