Section 165 of CA 2013 : Section 165: Number Of Directorships

CA 2013

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Explanation using Example

Imagine a business professional, Mr. Sharma, who is a well-known expert in the corporate world. He is currently serving as a director in 22 companies, including 12 public companies and 10 private companies. With the commencement of the Companies Act, 2013, he learns about Section 165, which limits the number of directorships a person can hold.

Understanding the new law, Mr. Sharma decides to take action to comply with Section 165. He evaluates all his current positions and decides to resign from 2 public companies a...

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