https://www.taxtmi.com/acts?id=53556 A director of a company may receive benefits from the fund only if the director is a whole-time bona fide employee and does not beneficially own shares carrying more than 5% of the company's total voting power. The rule makes fund admission for directors conditional on both active employment status and limited shareholding, thereby excluding directors who do not satisfy these eligibility requirements. en-us Fri, 20 Mar 2026 18:47:03 +0530 Wed, 08 Apr 2026 17:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53556 A director of a company may receive benefits from the fund only if the director is a whole-time bona fide employee and does not beneficially own shares carrying more than 5% of the company's total voting power. The rule makes fund admission for directors conditional on both active employment status and limited shareholding, thereby excluding directors who do not satisfy these eligibility requirements. Act-Rules Income Tax Fri, 20 Mar 2026 18:47:03 +0530 https://www.taxtmi.com/acts?id=53556