Director appoint in maximum company

Others 1198 views 7 replies

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........

Replies (7)

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

Agree with Manish

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

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.

Yes, director can be appointed in more than 15 pvt ltd companies.
.

 

The restriction of 15 companies will not applicable to Pvt Ltd Companies.


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