Does limit of 20 companies for Directorship includes section 8 companies?

CA Derick Machado (Senior Executive) (46 Points)

25 April 2018  
165.Number of directorship

Explanation II.—For reckoning the limit of directorships of twenty companies, the directorship in a dormant company shall not be included
#Exemption to Section 8 company

So does it mean the section 8 companies shall not be included in the limit of 20?