Saturday, March 22, 2014

Maximum Number of directorships under Companies Act, 2013

As per section 165 of Companies Act, 2013
After notifying this section, a person  can hold office as a director in 20 companies maximum.
1. In the aforesaid limit he/she can hold office maximum in 10 public ltd companies.
2. For counting public ltd companies, even pvt ltd companies also taken for count if it is subsidiary or holding of public ltd company.
3. For calculating maximum limit alternative directorships also be counted.
4. Any person is in director if any person is already a director more than the above specified limit, then he/she has to regularise his directorship within one year from the commencement of this Act.

No comments:

Post a Comment