1.) As per section 165(1), No person shall hold office as a director, including any alternate directorship, in more than 20 companies at the same time. Provided that maximum number of public companies in which a person can act as director shall not exceed 10. For reckoning the limit of directorships of twenty companies, the […]
Section 152(6) is applicable on public companies which means private companies are out of the ambit of retirement by rotation. It states that unless it is provided by the articles of the company, 2/3rd directors are liable to retire by rotation and 1/3rd are liable to retire at every general meeting after the meeting at […]
