The maximum number of directorships a person can hold is 20. This is provided under Section 165 of the Companies Act, 2013.
However, there are some exceptions to this rule:
- A person can hold more than 20 directorships if he/she is a whole-time director or managing director of a company.
- A person can hold more than 20 directorships if he/she is a director of a holding company and its subsidiaries.
- A person can hold more than 20 directorships if he/she is a director of a company that is in the process of liquidation.
MCQs on maximum number of directorships
- The maximum number of directorships a person can hold is:
Answer: The correct answer is (b). The maximum number of directorships a person can hold is 20.
- A person can hold more than 20 directorships if he/she is a:
- Whole-time director.
- Managing director.
- Director of a holding company and its subsidiaries.
- All of the above.
Answer: The correct answer is (d). A person can hold more than 20 directorships if he/she is a whole-time director, managing director, or director of a holding company and its subsidiaries.
- A person who holds more than 20 directorships is said to be a:
- Multiple director.
- Super director.
- Mega director.
- None of the above.
Answer: The correct answer is (a). A person who holds more than 20 directorships is said to be a multiple director.