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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Clause 165 Caps Directorships: Max 20 Companies, Only 10 Public; Exceeding Limits Leads to Daily Fines.</h1> Clause 165 of the Companies Bill, 2011, limits the number of directorships a person can hold to twenty companies, with a maximum of ten public companies. Directorships in private companies that are holding or subsidiary companies of a public company count towards this limit. Companies may impose stricter limits through special resolutions. Individuals exceeding these limits at the Act's commencement must adjust within a year by resigning from excess positions and notifying relevant parties. Violations incur fines ranging from five thousand to twenty-five thousand rupees per day. Resignations take effect immediately upon notification.
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