Procedure of Examination of Applications.

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....he Companies Act, 1956:- (1) An undertaking from the appointee that he/she will be in the exclusive employment of the company and will not hold a place of profit in any other company. (2) The monetary value of all allowances and perquisites and of total remuneration package (monthly/annually) proposed to be paid to the appointee and details of the services that will be rendered by him to the....

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.... in the company; the total remuneration paid to each relative and the total remuneration paid to them altogether as a percentage of profits as calculated for the purpose of section 198 of the Companies Act, 1956. (7) The selection and appointment of a relative of a director for holding office or place of profit in the company shall be approved by adopting the same procedure applicable to non-re....