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

Question

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

ROHIT SINGH asked over 4 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 –

CA Final video lectures online & in Pen Drive/ DVD

For any questions Request A Call Back

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.

Congratulations!

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

Want to advertise with CAKART?

Want to sell your Video Courses / Books on CAKART?

Congratulations!

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

CAKART would like to make you Super Knowledgeable!