ROHIT SINGH
asked about 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.
0
0
Answer Now
Comment
Report
1 Answers
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below –
For any questions Request A Call Back
veeru
answered about 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.
