Approval under the sub section is necessary only if a relative is appointed in some capacity other than a whole time or managing director

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....al under the sub‑section is necessary only if a relative is appointed in some capacity other than a whole‑time or managing director Query : Whether approval under section 314(1B) would not be required for appointing any of the relatives of a director or managing director as whole‑time director of the same company, if such appointee fulfils the condition laid down in Schedule XII....