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number of directorships a director can hold ?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked almost 3 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

Director in more than fifteen companies. However, in computing this number of fifteen Directorships, the Directorships of the following will be omitted: — private companies [other than subsidiaries or holding companies of public company(ies)]; — unlimited companies; — associations, not carrying on business for profit or, which prohibit payment of a dividend; — alternate directorships, (i.e. he is appointed to act as a Director, only during the absence or incapacity of some other director).

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 jitendra etikala answered almost 3 years ago

Maximum Number of Directorship in Companies ------------------------------------------- A person is allowed to be the Director of a maximum of 20 Companies simultaneously as per the Companies act, 2013. Public companies directorship limit: Maximum number of public companies in which a person can be appointed as a director shall not exceed 10. Notes: ------ Directorship includes alternate directorship; For calculating the limit of Public companies, private companies that are either holding or subsidiary company of a public company, shall also be included. Members of a company may, by passing special resolution, specify any lesser number of companies in which a director of the company may act as directors.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered almost 3 years ago

— private companies [other than subsidiaries or holding companies of public company(ies)]; — unlimited companies; — associations, not carrying on business for profit or, which prohibit payment of a dividend; — alternate directorships, (i.e. he is appointed to act as a Director, only during the absence or incapacity of some other director).

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Pushkala Santhanam answered almost 3 years ago

According to Section 165 of the Companies Act, 2013, no person shall hold office as a director, including any alternate directorship, in more than 20 companies at the same time. The maximum number of directorships in a public company should not exceed ten. For calculating the limit of public companies in which a person can be appointed as a director, the directorship in private companies that are either holding or subsidiary company of a public company shall be included. The members of a company may by special resolution specify any lesser number of companies in which a director of the company may act as a director.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered almost 3 years ago

Section 275 of the Companies Act, 1956 stipulates that a person cannot hold office at the same time as a Director in more than fifteen companies. However, in computing this number of fifteen Directorships, the Directorships of the following will be omitted: — private companies [other than subsidiaries or holding companies of public company(ies)]; — unlimited companies; — associations, not carrying on business for profit or, which prohibit payment of a dividend; — alternate directorships, (i.e. he is appointed to act as a Director, only during the absence or incapacity of some other director). In terms of the Listing Agreement, a director shall not be a member in more than ten committees or act as Chairman of more than five committees across all companies in which he is a director. For the purpose of considering the limit of the committees on which a director can serve, all public limited companies, whether listed or not, shall be included and all other companies including private limited companies, foreign companies and companies under Section 25 of the Companies Act shall be excluded. For the purpose of reckoning the limit under this sub-clause, Chairmanship/Membership of the Audit Committee and the Shareholders Grievance Committee alone shall be considered. Thanks

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