https://www.taxtmi.com/acts?id=15600 Establishes that no person may serve as director in more than twenty companies and no more than ten public companies, with private holding or subsidiary companies counted toward the public-company limit; members may set lower limits by special resolution. Persons exceeding the limits before commencement must, within one year, choose companies to retain, resign from others and notify affected companies and the Registrar, with resignations effective on dispatch, and are prohibited from acting beyond the prescribed limits thereafter; contraventions attract monetary fines. en-us Wed, 21 Dec 2011 16:17:16 +0530 Wed, 21 Dec 2011 16:17:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15600 Establishes that no person may serve as director in more than twenty companies and no more than ten public companies, with private holding or subsidiary companies counted toward the public-company limit; members may set lower limits by special resolution. Persons exceeding the limits before commencement must, within one year, choose companies to retain, resign from others and notify affected companies and the Registrar, with resignations effective on dispatch, and are prohibited from acting beyond the prescribed limits thereafter; contraventions attract monetary fines. Act-Rules Bills Wed, 21 Dec 2011 16:17:16 +0530 https://www.taxtmi.com/acts?id=15600