04 September 2014
HOW MUCH DIFFERENT TYPES OF COMPANY A INDIVIDUAL CAN HOLD AS A DIRECTOR ?(DIFFERENT TYPE COMPANY= PUBLIC , PRIVATE /NPO/ UNLIMITED LIABILITY)
06 September 2014
165. (1) No person, after the commencement of this Act, shall hold office as a director, including any alternate directorship, in more than twenty companies at the same time: Provided that the maximum number of public companies in which a person can be appointed as a director shall not exceed ten. Explanation.— For reckoning the limit of public companies in which a person can be appointed as director, directorship in private companies that are either holding or subsidiary company of a public company shall be included.
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