Number of directorships

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....es in which a person can be appointed as a director shall not exceed ten. ^1[Explanation I].- For reckoning the limit of public companies in which a person can be appointed as director, directorship in private companies that are either holding or subsidiary company of a public company shall be included. ^2[Explanation II.-For reckoning the limit of directorships of twenty companies, the dire....

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....ich he was holding the office of director before such commencement and to the Registrar having jurisdiction in respect of each such company. (4) Any resignation made in pursuance of clause (b) of sub-section (3) shall become effective immediately on the despatch thereof to the company concerned. (5) No such person shall act as director in more than the specified number of companies,- ....

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....ed vide Section 53 of the Companies (Amendment) Act, 2017 w.e.f. 09-02-2018 (Notified vide Notification No. S.O. 630(E) dated 09-02-2018) 3.  Substituted vide Section 27 of the Companies (Amendment) Act, 2019 w.e.f. 02-11-2018 before it was read as, "punishable with fine which shall not be less than five thousand rupees but which may extend to twenty-five th....