(d) (iv) not one out-of whoever family relations has one pecuniary deal or experience of the organization, or their carrying, part otherwise affiliate team amounting to dos% or higher of their gross return or complete money, singly or perhaps in consolidation with purchases known for the sandwich-term (i), (ii) otherwise (iii) section 149(6)(d) off People Work, 2013 since amended w.e.f. 7-5-2018.

(e) (i) just who, none themselves nor some of his household members retains or keeps held the positioning from an option managerial employees or is otherwise had become worker of the company or their carrying, part otherwise affiliate company in virtually any of your own three monetary many years immediately before the fresh new economic 12 months and he is actually suggested so you can become designated.

elizabeth.f. 7-5-2018, whether or not a family member out of director was worker of your providers throughout before about three financial years, anyone can nevertheless be certified since independent director’. […]