1.1.3- Companies (Specification of definitions details) Rules, 2014.

3. Related party.-
For the purposes of sub-clause (ix) of clause (76) of section 2 of the Act, a director  other than an independent directorinserted by Notification no. G.S.R. 507 (E). dated 17 July 2014. To view the notification,Click Here or key managerial personnel of the holding company or his relative with reference to a company, shall be deemed to be a related party.