Dear Sir/Madam,
Are there any restrictions in appointing a close relative of an existing Director ,in a Private Limited Company, as a senior executive.
The major stake holder is a listed company in Singapore, I understand that the rules of a Public Limitied Company appies in certain cases - does the appoint ment of Sr Executive fall in this catagory?
If it does, what are the approvals to be got?
R P Murari
CAclubindia
