Limit on the number of Independent Directorships
According to section 165 of the Companies Act 2013, the maximum number of companies wherein a person can be appointed as a director shall not be more than 20 companies (including the alternate directors). For calculating the limit wherein a person can be appointed as a director in a public company, the directorship of that person in private companies (holdings, subsidiary company) shall be included.
In the case of a public company in which a person can be appointed as a director shall not be more than 10 companies. However, the Companies Act, 2013 is silent regarding any specific limit on the number of companies where a person can be appointed as an independent director.
Author Sa. Venkat Ramanujan is a Certified Environment Social Framework Specialist of Word Bank Group and also Certified Independent Director of IICA, Ministry of Corporate affairs , Govt of India .,
He is Member of Institute of Directors & All India Management Academy ( AIMA ) .,
He is Founder & CEO of Trust Infosys Incorporation – Govt. of India accredited startup venture ., A distinction holder in his Post graduate MBA studies and a sustained learner for three decades in the domains of engineering & infrastructure projects , international trade & contracts , data & cloud management , environmental, social & corporate governance.,
Environmentalist ., Voracious reader., interested in cats and dogs ., love Gardening ., reuse & recycler of natural resources .,
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