Amendments to Companies Act, 2013: Simplified Resident Director Rules and New Limits on Director Pecuniary Relationships.

Company to have Board of Directors - easier requirements with respect to appointment of resident director. It also seeks to specify limits with respect to pecuniary relationship of a director with respect to eligibility of a director to be appointed as an independent director. It also seeks to specify the scope of restriction on pecuniary relationship entered into by a relative - Section 149 of the Companies Act, 2013 .....

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