Companies Act, 2017

PART-VII

APPOINTMENT AND REMOVAL OF DIRECTORS

From: 2023-11-01 - To: 0000-00-00 155. Number of directorships- (1) No person shall, after the commencement of this Act, hold office as a director, including as an alternate director at the same time in more than such number 1[***] of companies as may be specified 2[:] 3[Provided that this limit shall not include the directorships in a listed subsidiary] 4[(2) A person holding the position of director in more than seven companies on the commencement of this Act shall ensure the compliance of this section within one year of such commencement.] (3) Any casual vacancy on the board of a listed company shall be filled up by the directors at the earliest but not later than ninety days from the date, the…