https://www.taxtmi.com/circulars?id=10791 Approval under section 314(1B) is required only when a relative is appointed in a capacity other than as a whole time or managing director; appointments of relatives as whole time or managing directors are outside that approval requirement, provided the office is not treated as an office or place of profit beyond the managing or whole time director remuneration. Central Government approval under section 269 is required for appointment of a whole time director unless the conditions of Schedule XIII are satisfied. en-us Thu, 29 May 1969 00:00:00 +0530 Fri, 17 Jun 2011 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10791 Approval under section 314(1B) is required only when a relative is appointed in a capacity other than as a whole time or managing director; appointments of relatives as whole time or managing directors are outside that approval requirement, provided the office is not treated as an office or place of profit beyond the managing or whole time director remuneration. Central Government approval under section 269 is required for appointment of a whole time director unless the conditions of Schedule XIII are satisfied. Circulars Companies Law Thu, 29 May 1969 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10791