Companies Act, 1956
Section - 277 - Choice by person becoming director of more than fifteen companies after commencement of Act
Choice by person becoming director of more than [fifteen] companies after commencement of Act.277. (1) Where a person already holding the office of director in [fifteen] companies is appointed, after the commencement of [the Companies (Amendment) Act, 2000], as a director of any other company, the appointment— (a) shall not take effect unless such person has, within fifteen days thereof, effectively vacated his office as director in any of the companies in which he was already a director; and (b) shall become void immediately on the expiry of the fifteen days if he has not, before such expiry, effectively vacated his office as director in any of the other companies aforesaid.(2) Where a person already holding the office of director in [fourteen] companies or less is appointed, after the commencement of [the Companies (Amendment .... To read the full section download the app from Google Play store
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