Office or place of profit - Prohibition against director holding Employee appointed before director becomes director and he became relative afterwards

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....1961 Circular<br>Companies Law<br>Letter : No. 8/16(1)/61&#8209;PR, dated 23&#8209;1&#8209;1961. Subject:- Office or place of profit - Prohibition against director holding &#8209; Employee appointed ....

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....ted after the director became a director which contingency is not provided for under the newly inserted sub-section (1A). Answer : Only the case of employee&#8209;relatives, already in office, before....