Limits on directorships restrict concurrent board roles and impose separate caps for independent and whole time directors. Limits on concurrent board positions restrict the number of listed-entity directorships an individual may hold, with a distinct cap for service as an independent director and a further limitation for individuals who are whole-time or managing directors. The count includes alternate directorships and covers entities with listed equity and high value debt listed entities. Ex officio statutory or contractual directorships in public sector undertakings and public-private partnership entities are excluded from the calculation, and the high value debt listed entity counting rule is subject to a delayed commencement tied to gazette publication or the annual general meeting.