Related party

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3. Related party.-

For the purposes of sub-clause (ix) of clause (76) of section 2 of the Act, a director other than an independent director or key managerial personnel of the holding company or his relative with reference to a company, shall be deemed to be a related party.

Notes, amendments & references (1)

inserted by Notification no. G.S.R. 507 (E). dated 17 July 2014. To view the notification, Click Here