Under Section 165 Companies Act 2013, a person can hold directorships in a maximum of:
Answer & Solution
Correct answer: B.
1. Section 165(1) Companies Act 2013: 'No person, after the commencement of this Act, shall hold office as a director, including any alternate directorship, in MORE THAN 20 COMPANIES AT THE SAME TIME.'
2. Proviso: the maximum number of public companies in which a person can be appointed as director shall NOT EXCEED 10.
3. Explanation: For reckoning the limit of 10 public companies, directorship in a private company which is either a holding/subsidiary of a public company shall be INCLUDED.
4. SEBI LODR Regulation 17A further restricts independent directors of listed entities to 7 listed entities (3 if also a WTD/MD in any listed entity).
5. Hence option B is correct.
_Source: Companies Act 2013 (Act 18 of 2013), Govt. of India MCA — Companies Act 2013, Section 165_
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