Rule 3 The Companies (Specification of Definitions Details) Rules, 2014

Related Party

For the purposes of sub-clause (ix) of clause (76) of section 2 of the Act, a director 1[other than an independent director] or key managerial personnel of the holding company or his relative with reference to a company, shall be deemed to be a related party.

Amendment

1.Inserted by Notification Companies (Specification of definitions details) Amendment Rule, 2014 Dated 17th July, 2014.

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CA Bhuvnesh Goyal Partner
CA Bhuvnesh Goyal is a Chartered Accountant with expertise in taxation, finance, and business compliance. He shares practical insights to help readers navigate complex financial matters with ease.