Section 165(1) of the Act states that a person can hold the office of director simultaneously in 20 companies. The number of 20 companies includes the office of alternate directorship. A person cannot be a director in more than 20 companies at a given time. However, the maximum number of public companies in which a person can be a director simultaneously is 10
16 August 2021
any provision in company act for director remuneration more than 11% of net profit for public limited company. net profit 80 lacs & paid up capital 80 lacs
CAclubindia
