Number in Directors Sec 275

[krishna besta]

Dear Sir,

 

The below mentioend query Would you clarify for us.

 

As per Section 275 Companies Amendment act 2000 has reduced to limited number of Directiorship in to 15 numbers.  

Actualy the issue is One of Person having 19 companies Directorship to till the date. We are required to get the new company  Incorporation with the Same above said person as a Managing Director. Is he elgible to Opoint the  New Company Incorporation as Managing Director and have  to sign the all documenst for getting Incorporation Certificate in ROC.

 

Please let you the above issue.

 

 

 

AI Summary

Individual's Eligibility for Managing Director Role Questioned Under Section 275 Due to Exceeding Directorship Limit A query was raised regarding the eligibility of an individual to be appointed as a Managing Director for a new company, given that he currently holds directorships in 19 companies. According to Section 275 of the Companies Amendment Act 2000, an individual cannot hold directorships in more than 15 companies. Certain exclusions apply, such as private companies that are neither subsidiaries nor holdings of a public company, not-for-profit associations, and unlimited companies. If the individual's directorships exceed 15 after these exclusions, he must relinquish some positions to comply with the limit.