Companies Act, 1956
Section - 278 - Exclusion of certain directorships for the purposes of sections 275, 276 and 277
Exclusion of certain directorships for the purposes of sections , and .278. (1) In calculating, for the purposes of sections , and , the number of companies of which a person may be a director, the following companies shall be excluded, namely :— (a) a private company which is neither a subsidiary nor a holding company of a public company; (b) an unlimited company; (c) an association not carrying on business for profit or which prohibits the payment of a dividend; .... To read the full section download the app from Google Play store
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