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Query: A person can become director in how many companies

Category: Corporate Law

Answer: Section 165 of Companies Act 2013 restricts any director from holding office as director in more than 20 companies at the same time including any alternate directorship, But further provided that the maximum number of public companies in which a person can be appointed as director shall not exceed 10. So in simple language, total number of directorship an individual can hold is in 20 companies but in public companies can not exceed more than 10 companies and director ship in holding or subsidiary (which is private limited company) of a public limited company shall be counted as directorship in public limited company. In case of contravention to the maximum number of directorship, the person shall be punishable with fine which shall not be less than 5000 rupees but which may extend to 25000 rupees for every day after the first during which the contravention continues.

Date Posted 26-Dec-2019
Posted By Divya Sharma
Views: 2786

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