Number of directorships:

Number of directorships: Under Section of the Companies Act A person can hold the position of Directorship in different companies up to maximum of . The number of directorships in public companies/ private companies that 12th Commerce Unit - - . . PM are either holding or subsidiary company of a public company shall be limited to . Further the members of a company may restrict above mentioned limit by passing a special resolution. If a person holds Directorship in more than the limit specified above he/she has to resign the excess, according to his / her choice. If a person accepts an appointment as a director in excess of above mentioned limit is punishable with a fine of not less than Rs. , but which may extend to Rs. , for every day after the first day for the period of Directorship hold by the person.