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

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..... e Companies Act, 1956 , the 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 Relativ .....

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..... ression Selection Committee means a committee, 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 d .....

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