Office or place of profit - Prohibition against director holding Employee appointed before director becomes director and he became relative afterwards

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..... -1961 Circular
Companies Law
Letter : No. 8/16(1)/61‑PR, dated 23‑1‑1961. Subject:- Office or place of profit - Prohibition against director holding ‑ Employee appointed .....

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..... nted after the director became a director which contingency is not provided for under the newly inserted sub-section (1A). Answer : Only the case of employee‑relatives, already in office, befor .....

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