ROHIT SINGH
asked over 3 years ago
Whether section 8 companies and foreign subsidiary companies are covered in the limit of 20 companies, in which a person can hold directorship under section 165.
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veeru
answered over 3 years ago
As per sub-section (1) of the section 165, ‘No person shall hold office as a director, including any alternate directorship, in more than twenty companies at the same time.’ Therefore, such twenty companies include every company including section 8 companies and foreign subsidiary companies registered under the Companies Act.
