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Sister Concern
Sister Concerns means organisations under the same management. Where the important decisions(control and management) are taken by a person or group of persons managing one or more organisations. Definition of a "relative" A person shall be deemed to be relative of another, if and only if, :- a) they are members of a Hindu Undivided Family; or b) they are husband and wife; or c) the one is related to the other in the manner indicated below : List of relatives 1. Father.
2. Mother including step-mother
3. Son including step-son
4. Son's wife
5. Daughter including step-daughter,
6. Daughter's husband.
7. Brother (including step-brother)
8. Brother’s wife
9. Sister (including step-sister)
10. Sister’s husband unj/Sen/DIR-Ban on Loan to Directors
Whether Sister concern is defined in any Act or Rule or Regulation.
Please let me know legal defination U/S and sub section in any Act
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