https://www.taxtmi.com/acts?id=12614 Section 278 excludes certain companies from the director count for sections 275-277: a private company not a public company's subsidiary or holding company; an unlimited company; an association not carried on for profit or prohibiting dividends; and companies where the person is only an alternate director. Companies that cease to meet the first three exclusion criteria continue to be treated as excluded for a limited transitional period from the date they stop qualifying. en-us Thu, 12 May 2011 18:47:04 +0530 Thu, 12 May 2011 18:47:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12614 Section 278 excludes certain companies from the director count for sections 275-277: a private company not a public company's subsidiary or holding company; an unlimited company; an association not carried on for profit or prohibiting dividends; and companies where the person is only an alternate director. Companies that cease to meet the first three exclusion criteria continue to be treated as excluded for a limited transitional period from the date they stop qualifying. Act-Rules Companies Law Thu, 12 May 2011 18:47:04 +0530 https://www.taxtmi.com/acts?id=12614