https://www.taxtmi.com/notifications?id=24153 The amendment increases the monetary threshold in the Director's Relatives (Office or Place of Profit) Rules by substituting the previous lower figure with a higher specified figure and replaces the rule on appointments so that selection and appointment of a director's relative must follow the same procedure as for non-relatives, with listed public companies requiring additional approval by a Selection Committee composed of a majority of independent directors and an outside expert, while unlisted and private companies have relaxed composition requirements. en-us Wed, 06 Apr 2011 00:00:00 +0530 Thu, 30 Jun 2011 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=24153 The amendment increases the monetary threshold in the Director's Relatives (Office or Place of Profit) Rules by substituting the previous lower figure with a higher specified figure and replaces the rule on appointments so that selection and appointment of a director's relative must follow the same procedure as for non-relatives, with listed public companies requiring additional approval by a Selection Committee composed of a majority of independent directors and an outside expert, while unlisted and private companies have relaxed composition requirements. Notifications Companies Law Wed, 06 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/notifications?id=24153