https://www.taxtmi.com/acts?id=12612 Directors holding office in more than fifteen companies at commencement must, within two months, elect not more than fifteen companies to continue with, resign from the rest, and intimate that choice to each company, the Registrar and the Central Government; such resignations take effect immediately on dispatch and no person may act as director in more than fifteen companies after the two month period or after dispatching a statutory resignation. en-us Thu, 12 May 2011 18:38:54 +0530 Thu, 12 May 2011 18:38:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12612 Directors holding office in more than fifteen companies at commencement must, within two months, elect not more than fifteen companies to continue with, resign from the rest, and intimate that choice to each company, the Registrar and the Central Government; such resignations take effect immediately on dispatch and no person may act as director in more than fifteen companies after the two month period or after dispatching a statutory resignation. Act-Rules Companies Law Thu, 12 May 2011 18:38:54 +0530 https://www.taxtmi.com/acts?id=12612