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Choice by person becoming director of more than [fifteen] companies after commencement of Act.

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Full Text of the Document

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....nies] is appointed, after the commencement of ^[3][the Companies (Amendment) Act, 2000], as a director of any other company, the appointment      (a) shall not take effect unless such person has, within fifteen days thereof, effectively vacated his office as director in any of the companies in which he was already a director; and      (b) shall become ....

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Full Text of the Document

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....is not made within fifteen days of the day on which the last of them was made.     ---------------------------------------- Notes:- [1] Substituted for "twenty" by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. [2] Substituted for "twenty" by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. [3] Substituted for "this Act" by the Companies (Amendment) A....