NUMBER OF DIRECTORSHIPS:According to SECTION 165 OF THE COMPANIES ACT, 195:No 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 timeProvided that the maximum number of public companies in which a person can be appointed as a director shall not exceed ten. Explanation I ” For reckoning the limit of public companies in which a person can be appointed as director, the directorship in private companies that are either holding or subsidiary company of a public company shall be included. Explanation II” For reckoning the limit of directorships of twenty companies, the directorship in a dormant company shall not be included. Therefore, under the companies act, 1956, a person can be a director in 20 companies.