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of <h1>Section 165 of Companies Act, 2013: Limits on Directorships in Companies and Penalties for Non-Compliance.</h1> Section 165 of the Companies Act, 2013, 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 subsidiaries or holding companies of public companies count towards the public company limit, while dormant company directorships do not count towards the overall limit. A special resolution by company members can impose a lower limit. Directors exceeding these limits at the Act's commencement must resign from excess positions within a year. Violations incur a daily penalty of two thousand rupees, up to two lakh rupees.
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