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What is the meaning of phase, “other persons in whom directors are interested”.

Open uri20170510 32134 1c996lj?1494421732 asked

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

hello, (a) INDIVIDUAL: Director of lending co., or holding co. or any partner or relative of any “such director”; (b) FIRM: in which any such director or relative is a partner; (c) PVT LTD CO: of which such director is a director or member; (d) BODY CORPORATE at a general meeting of which at least 25 % of voting power may be exercised or “controlled” by such director, or by two or more such directors, together; or [Note – Relative of Director also not covered under this sub-clause] (e) BODY CORPORATE Board, MD or manager, whereof is accustomed to act in accordance with directions or instructions of Board, or of any director or directors, of lending company. **[Note – Relative of Director are not covered under this sub clause]**

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Dear, (a) INDIVIDUAL: Director of lending co., or holding co. or any partner or relative of any “such director”; (b) FIRM: in which any such director or relative is a partner; (c) PVT LTD CO: of which such director is a director or member; [Note – Relative of Director are not covered under this sub clause] (d) BODY CORPORATE at a general meeting of which at least 25 % of voting power may be exercised or “controlled” by such director, or by two or more such directors, together; or [Note – Relative of Director also not covered under this sub-clause] (e) BODY CORPORATE Board, MD or manager, whereof is accustomed to act in accordance with directions or instructions of Board, or of any director or directors, of lending company.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

(a) INDIVIDUAL: Director of lending co., or holding co. or any partner or relative of any “such director”; (b) FIRM: in which any such director or relative is a partner; (c) PVT LTD CO: of which such director is a director or member; [Note – Relative of Director are not covered under this sub clause] (d) BODY CORPORATE at a general meeting of which at least 25 % of voting power may be exercised or “controlled” by such director, or by two or more such directors, together; or [Note – Relative of Director also not covered under this sub-clause] (e) BODY CORPORATE Board, MD or manager, whereof is accustomed to act in accordance with directions or instructions of Board, or of any director or directors, of lending company.

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