https://www.taxtmi.com/acts?id=17465 Statutory limits restrict the number of directorships a person may hold, including alternate posts, with a separate cap for public companies; holding/subsidiary private companies count toward the public cap, dormant companies are excluded, members may set a lower limit by special resolution, excess pre commencement directorships must be regularised within one year by choice, resignation and intimation to companies and the Registrar, resignations take effect on dispatch, and accepting appointments in breach attracts a daily monetary penalty subject to a maximum. en-us Sat, 02 Mar 2013 12:44:24 +0530 Wed, 24 Dec 2025 14:52:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17465 Statutory limits restrict the number of directorships a person may hold, including alternate posts, with a separate cap for public companies; holding/subsidiary private companies count toward the public cap, dormant companies are excluded, members may set a lower limit by special resolution, excess pre commencement directorships must be regularised within one year by choice, resignation and intimation to companies and the Registrar, resignations take effect on dispatch, and accepting appointments in breach attracts a daily monetary penalty subject to a maximum. Act-Rules Companies Law Sat, 02 Mar 2013 12:44:24 +0530 https://www.taxtmi.com/acts?id=17465