As everyone know that as per Companies Bill 2011, no person can hold Directorship in more than 20 Companies including Public and Private Ltd Co.
Though the Companies bill has not received the final ascent, however my query is whether a person holding directorship in more than 20 companies will have to resign from the other companies and limit himself to 20 aur the New Provision of Companies Bill will be applicable for the further new Appointments only. Also please clarify from when and which date the above provisions need to be abide by
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