Legal Question in Business Law in India

Mr. R had three sons, named Ka, Mo, Mu. Mr. R as well as his sons Ka, Mu are no more.

Huf of R never used in any type of activity whether business or income tax purpose.

Son of Ka has significant influence in the company.

Wife of Son of Ka is director of the company.

Grandsons of Ka are also directors in the company.

1.Whether grandson of Mu is relative of grandson/daughter in of Ka as per section 2(77) of companies Act 2013 ?

2.Whether wife of Mu is relative of grandson/daughter in law of Ka as per section 2(77) of companies Act 2013 ?

3.Whether the Huf of son of Mu (where all members of Huf is shareholder of the company) is relative of son of Ka or wife of son of Ka or grandson of Ka as per section 2(77) of companies Act 2013 or in any other act ?


Asked on 6/05/20, 5:35 am

1 Answer from Attorneys
Rajiv Chandhok Ph: +919810050896 https://www.linkedin.com/in/rajiv-chandok-0827b733/

Please give a history as to how the company came into being, however let me tell you that 3rd generation and their respective spouses of a director are not relatives. Kindly also See Companies (Specification of definitions details) Rules, 2014.

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Answered on 6/09/20, 12:45 am


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