Scope of rule 86-Determination of shareholding of Director.

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....e employee, if no other employment infact has been taken up irrespective of the fact that the terms of employment permit him to do so and there is time to spare. 2. This is likely to convey that the director has the option to take up an employment in addition to the one of in which he is a whole-time bonafide employer. The correct position under the law is that a director can be a whole-time bo....