SEBI clears path for promoter-group cousin to serve as independent director, clarifies LODR eligibility norms

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Informal guidance to Maithan Alloys says cousin of promoter-group member is not a ‘relative’ under LODR Regulations; clarification may influence board appointments across listed companies.

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SEBI clears path for promoter-group cousin to serve as independent director, clarifies LODR eligibility norms

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