Prohibition against director holding While applying for the approval of appointment, applicant companies are to spell out in special resolutions nature and quantum of perquisites to be allowed to a relative director

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....#8209; While applying for the approval of appointment, applicant‑ companies are to spell out in special resolutions nature and quantum of perquisites to be allowed to a relative director Under the provisions of section 314(1B), the Central Government's approval is, inter alia, required to be obtained in cases where relatives of directors, etc., are appointed in a company to hold any office ....