TMI BlogNumber of directorships.X X X X Extracts X X X X X X X X Extracts X X X X ..... ic companies in which a person can be appointed as a director shall not exceed ten. Exiplanation . For reckoning the limit of public companies in which a person can be appointed as director, directorship in private companies that are either holding or subsidiary company of a public company shall be included. (2) Subject to the provisions of sub-section (1), the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rar having jurisdiction in respect of each such company. (4) Any resignation made in pursuance of clause (b) of sub-section (3) shall become effective immediately on the despatch thereof to the company concerned. (5) No such person shall act as director in more than the specified number of companies, (a) after despatching the resignation of his office as director ..... X X X X Extracts X X X X X X X X Extracts X X X X
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