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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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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