Reference: CA Final MTP March 2018 Question 2(b)
Doubt: Effective date of resignation is 15th Feb but he joined another company (HXL Ltd) on 13th Feb. That means he’s holding 2 directorships simultaneously. Now according to section 165 if he has not exhausted the limit of 20 Directorships, there should be no issue at all. But the answer in the MTP says this 2nd joining is not valid. Why is it so?
Because terms are not being satisfied terms of joining of another company was on the basis of resignation of previous office but it’s not satisfied toh how will it become valid
Hello,
Kindly refer above Charts (point h) ,
Both the ans as provided in MTP is correct