https://www.taxtmi.com/article/detailed?id=11433 Restriction on the number of directorships caps service in companies, excludes dormant companies, and counts private holding or subsidiary companies; Section 165 historically criminalised accepting an appointment in contravention with fines, but amendments reclassified certain contraventions as penalties to be determined by an adjudicating authority, shifting enforcement from criminal prosecution to administrative adjudication and raising questions about application of beneficial amendments to pending matters. en-us Fri, 26 May 2023 10:23:59 +0530 Fri, 26 May 2023 10:23:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11433 Restriction on the number of directorships caps service in companies, excludes dormant companies, and counts private holding or subsidiary companies; Section 165 historically criminalised accepting an appointment in contravention with fines, but amendments reclassified certain contraventions as penalties to be determined by an adjudicating authority, shifting enforcement from criminal prosecution to administrative adjudication and raising questions about application of beneficial amendments to pending matters. Articles Corporate Laws / IBC / SEBI Fri, 26 May 2023 10:23:59 +0530 https://www.taxtmi.com/article/detailed?id=11433