https://www.taxtmi.com/acts?id=30774 The amendment requires a company to have at least one director who stays in India for not less than one hundred and eighty-two days in a financial year, applied proportionately for newly incorporated companies. It also revises independence disqualifications by excluding ordinary remuneration and small transactions from pecuniary relationships, permitting limited relative holdings of securities subject to prescribed caps, and setting prescribed thresholds for relatives' indebtedness, guarantees and other pecuniary transactions; an employment proviso exempts relatives employed during the preceding three financial years. en-us Tue, 01 Aug 2017 18:08:16 +0530 Wed, 02 Aug 2017 11:34:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30774 The amendment requires a company to have at least one director who stays in India for not less than one hundred and eighty-two days in a financial year, applied proportionately for newly incorporated companies. It also revises independence disqualifications by excluding ordinary remuneration and small transactions from pecuniary relationships, permitting limited relative holdings of securities subject to prescribed caps, and setting prescribed thresholds for relatives' indebtedness, guarantees and other pecuniary transactions; an employment proviso exempts relatives employed during the preceding three financial years. Act-Rules Bills Tue, 01 Aug 2017 18:08:16 +0530 https://www.taxtmi.com/acts?id=30774