Company law
This query is : Resolved
21 January 2013
I WANT TO KNOW THAT AS PER LATEST AMMENDMENT A PERSON CAN HOLD DIRECTORSHIP IN HOW MANY COMPANY? PRIVAT & PUBLIC CO. SEPRATELY
Ajay Mishra
(Expert)
21 January 2013
Hi
Section 275 of the Act provides that no person, shall hold directorship in more than 15 companies. In calculation of 15 companies pursuant to the provisions of section 275 the following companies shall be excluded:—
(a) a private company which is not a subsidiary/holding company of a public company;
(b) an unlimited company;
(c) an association not carrying on business for profit — section 25;
(d) if he is an alternate director in another company.
Section 275 of the Act provides that no person, shall hold directorship in more than 15 companies. In calculation of 15 companies pursuant to the provisions of section 275 the following companies shall be excluded:—
(a) a private company which is not a subsidiary/holding company of a public company;
(b) an unlimited company;
(c) an association not carrying on business for profit — section 25;
(d) if he is an alternate director in another company.
Ajay Mishra
(Expert)
21 January 2013
Penalty:
Any person who holds office, or acts, as a director in more than 15 in contravention, of the provisions shall be punishable with fine up to Rs. 50,000. [Section 279]
Penalty:
Any person who holds office, or acts, as a director in more than 15 in contravention, of the provisions shall be punishable with fine up to Rs. 50,000. [Section 279]
21 January 2013
SIR AS PER LATEST AMMENDMENT OF CO. LAW 2011 IS THERE ANY AMMENDMENT?
Ajay Mishra
(Expert)
21 January 2013
Hi
No amendment in Co. Law on this.
The amendment relating to directors for last two years is given my articles.
Go to following link:
https://www.caclubindia.com/share_files/details.asp?mod_id=51778#.UPzjKB2E2Jw
No amendment in Co. Law on this.
The amendment relating to directors for last two years is given my articles.
Go to following link:
https://www.caclubindia.com/share_files/details.asp?mod_id=51778#.UPzjKB2E2Jw
Message likes :
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21 January 2013
CHAPTER XI CLAUSE 165 THERE IS RESTRICTION OF 20 CO.
I WANT TO KNOW THAT RESTRICTION IS INCLUDING PVT. CO.?
WETHER CO. BILL 2011 HAVE PASSED OR NOT?
I WANT TO KNOW THAT RESTRICTION IS INCLUDING PVT. CO.?
WETHER CO. BILL 2011 HAVE PASSED OR NOT?
Ajay Mishra
(Expert)
21 January 2013
Hi
My dear it is a Bill not an Act, so today The Companies Act, 1956 is applicable.
In your earlier query, you are talking about Companies Bill.
My dear it is a Bill not an Act, so today The Companies Act, 1956 is applicable.
In your earlier query, you are talking about Companies Bill.
21 January 2013
SIR IT MEANS THAT STILL THE CO. ACT 1956 IS IN FORCE & NOT 2011
Ajay Mishra
(Expert)
21 January 2013
Yes, The Companies Bill is not in force.
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