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Director appoint in maximum company

Dhaval Master (Practicing Company Secretary) (125 Points)

10 October 2012

As per Companies Act 1956 ,any one director appoint in Maximum 15 Limited Companies as a director, but no Restriction for pvt Limited /Limited Companies combined provision....so if director want to appoint in more than 15 pvt ltd companies if appoint or not........

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7 Replies

CA Manish (Job) (5264 Points)
Replied 10 October 2012

Yes As per Section 278 Directorship in Pvt Co is excluded for the purpose of counting 15 directorship u/s 275,276 and 277.

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ANJALI NEGI (Chartered Accountant) (1263 Points)
Replied 10 October 2012

Agree with Manish

2 Like

Ankur S Kumar (CA) (204 Points)
Replied 10 October 2012

(Guest)

while calculating the thresehold limit of a person to directorship following shall be excluded,

1.a private company which is neither a subsidiary nor a holding company of a public company

2.an unlimited company

3. an association not carrying on business for profit or which prohibits the payment of a dividend

4. a company in which such person is only an alternate director, that is to say, a director who is only qualified to act as such during the absence or incapacity of some other director

so u concider only the public limited company while calculating the thresehold limit of 15.

thanks

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prakash (Company Secretary) (1352 Points)
Replied 10 October 2012

Any person can be appointed as director of more than fifteen companies in a private companies which is neither a subsidiary nor a holding company of a public company according to section 278 (1) (a) of companies Act, 1956.

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