can anyone explain section 165(1)
The directorship of a private company which is either a holding or a subsidiary co of a public co.will not be included in determining the maximum no.of directorship ?
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privileges of pvt co.
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First of all correct your query, Section 165(1) and explanation says about maximum no. of directorship.... and It says " Directorship in a private company which is either Holding or Subsidiary of Any Public company "" then limit of directorship will be limited to 10....
Mean to say, A person can hold position as director in maximum 20 Companies only... In Which Max. 10 Public companies, Here Public cos not only include Public Limited/Listed entities only While any private company which is a holding or subsidiary of Public company....
Mean to say, A person can hold position as director in maximum 20 Companies only... In Which Max. 10 Public companies, Here Public cos not only include Public Limited/Listed entities only While any private company which is a holding or subsidiary of Public company....
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