https://www.taxtmi.com/forum/issue?id=3999 Section 275 sets a maximum number of directorships an individual may hold; certain entities are excluded from the count-private companies that are neither subsidiaries nor holdings of a public company, not for profit associations, and unlimited companies. If, after applying those exclusions, the counted total would exceed the statutory ceiling, the individual must choose which directorships to relinquish so that the counted total does not exceed the limit before accepting a new appointment. en-us Sat, 07 Apr 2012 11:10:25 +0530 Thu, 23 Jan 2025 15:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3999 Section 275 sets a maximum number of directorships an individual may hold; certain entities are excluded from the count-private companies that are neither subsidiaries nor holdings of a public company, not for profit associations, and unlimited companies. If, after applying those exclusions, the counted total would exceed the statutory ceiling, the individual must choose which directorships to relinquish so that the counted total does not exceed the limit before accepting a new appointment. Discussion-Forum Companies Law Sat, 07 Apr 2012 11:10:25 +0530 https://www.taxtmi.com/forum/issue?id=3999