Hello,
In the case of Independent Directors U/s 149(6)(d)(i),
Is the limit of 2% of paid up capital held by a relative to be seen independently in each of the company, Subsidiary, Associate & Holding or is it to be seen cumulatively?
Thank you.
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Independent Director Sec 149(6)(d)(i)
Replies (2)
Cumulatively ₹ 50 lakh Or 2 %
AGREED with Rashi Jain
it is seen as CUMULATIVE
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