Urgent ..explanation required
Sejal (-) (157 Points)
11 February 2015Sejal (-) (157 Points)
11 February 2015
CA Mukesh Choudhari
(xyz)
(153 Points)
Replied 11 February 2015
The given sec. is about independent director's meaning. Amonst one of its points, one point states that (1) none of whose relatives has or had pecuniary relation or transaction with the company in which the person is proposed to be appointed as director......................................................the limits given is 2% or more of its GTO / Total income / Rs. 50 lakhs or such amt as may be prescribed whichever is lower during 2 preceeding F.Y
so it is clearly evident that the limit given is of the compnay and not relative