Whether section 8 companies and foreign subsidiary companies are covered in the limit of 20 companies,

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Whether section 8 companies and foreign subsidiary companies are covered in the limit of 20 companies,

ROHIT SINGH asked over 6 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 · Answer 1 · 2015-11-20 10:05:22 UTC

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.

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