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Clarification on Clause V in the definition of ‘Related Party’

The Ministry of Corporate Affairs has issued Companies (Removal of difficulties) Fifth Order, 2014 dated 9th July, 2014 in order to provide clarification with respect to the clause V in the definition of Related Party which contained the word ‘or’ shall now be substituted with ‘and’ as the position became difficult because of the use of ‘or’ which defeated the applicability of the provisions.

The order containing the above details can also be accessed at the link below.

Companies (Removal of Difficulties) Fifth Order, 2014

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eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

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