Directorship limit now excludes dormant company directorships from reckoning under the amended section 165 provision. The amendment adds Explanation II, providing that a directorship in a dormant company shall not be included when reckoning the statutory limit on the ... Summary
Directorship limit now excludes dormant company directorships from reckoning under the amended section 165 provision.
The amendment adds Explanation II, providing that a directorship in a dormant company shall not be included when reckoning the statutory limit on the number of directorships, and renumbers the prior Explanation as Explanation I.
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