https://www.taxtmi.com/notifications?id=23712 The amendment increases the monetary threshold for a director's relative holding an office or place of profit and requires that selection and appointment of such a relative follow the same approval procedure as for non-relatives. For listed public companies selection must also be approved by a Selection Committee, defined to have a majority of independent directors and an outside expert; unlisted companies need an outside expert but not independent directors; private companies need neither. en-us Wed, 06 Apr 2011 00:00:00 +0530 Tue, 21 Jun 2011 13:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=23712 The amendment increases the monetary threshold for a director's relative holding an office or place of profit and requires that selection and appointment of such a relative follow the same approval procedure as for non-relatives. For listed public companies selection must also be approved by a Selection Committee, defined to have a majority of independent directors and an outside expert; unlisted companies need an outside expert but not independent directors; private companies need neither. Notifications Companies Law Wed, 06 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23712