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    Question

    A person can serve as a Director on the Board of many

    companies. However, a person can be a director on the Board of not more than┬а _____ public companies.┬а
    A 20 Correct Answer Incorrect Answer
    B 7 Correct Answer Incorrect Answer
    C 10 Correct Answer Incorrect Answer
    D 15 Correct Answer Incorrect Answer
    E Any number provided CAG permission is taken Correct Answer Incorrect Answer

    Solution

    Section 165. Number of directorships- (1)┬а ┬аNo person, after the commencement of this Act, shall hold office as a director, including any alternate directorship, in more than twenty companies at the same time: Provided that the maximum number of public companies in which a person can be appointed as a director shall not exceed ten.

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