Rule 3 Related party
- Chapter
- II · Related Party and Relatives
For the purposes of sub-clause (ix) of clause (76) of sectionDefined in rule 2(q): section means the section of the Act; 2[(r) * * * * *] (s) For the purposes of clause (d) of sub section (1) of Section 164 and clause (f) of sub section (1) of section 167 of the Act, or otherwise means any offence in respect of which he has been convicted by a Court under this Act or the Companies Act, 1956; 3[(t)... 2 of the ActDefined in rule 2(a): Act means the Companies Act, 2013 (18 of 2013), a director 1Ins. by G.S.R. 507(E), dated 17th July, 2014 (Companies (Specification of definitions details) Amendment Rules, 2014), w.e.f. 17th July, 2014.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.
1. Ins. by G.S.R. 507(E), dated 17th July, 2014 (Companies (Specification of definitions details) Amendment Rules, 2014), w.e.f. 17th July, 2014.