Office or place of profit - Prohibition against director holding - Prescribed limit under rule 10C of General Rules and Forms

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Full Text of the Document

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.... General Rules and Forms Section 314(1)(b) of the Companies Act, 1956, and the rules made thereunder provide that any partner or relative of a director, any firm in which such director or a relative of such director is a partner, any private company of which such director is a director or member, and any director or manager of such a private company, shall not hold any office or place of profit u....