Amendment in Director's Relatives (Office or Place of Profit) Rules,2003.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e Central Government hereby makes the following rules to amend the Director's Relatives (Office or Place of Profit) Rules, 2003, namely:-- 1. (1) These rules may be called Director's Relatives (Office or Place of Profit) Amendment Rules, 2011. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Director's Relatives (Office or Place of Profit) Rules .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the majority of which shall consist of independent directors and an expert in the respective field from outside the company: Provided that in case of unlisted companies, independent directors are not necessary but outside experts should be there in the Selection Committee: Provided further that in the case of private companies, independent directors and outside experts are not necessary.' [F.NO .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X