Krishan Singla
(Corporate Law Advisor )
(1026 Points)
Replied 16 November 2015
Dear Student
As per the provisions of section 165 of the Act all kinds of companies be included in total number of 20 companies . The Act does not grant any exemption of any kinds of comapnies to be included in this total number of companies. Regards
Julie
(IPCC Student)
(58 Points)
Replied 16 November 2015
Krishan Singla
(Corporate Law Advisor )
(1026 Points)
Replied 17 November 2015
Dear Julie
The question is whether the non-profit company under section 8 will be included within the limit of 20 companies . The answer to that question is YES. The noitification does not exempt non profit company to be inlcuded within the limit of 20 companies , but exempts the provisions of "limit of 20 companies" for the directors for non-profit companies. This meant that the limit of 20 comapnies does not apply to the directors of non-profit companies.Turst this will clarify the matter. Regards Krishan Singla
CAclubindia
