Age Limit of Directors in Case of Public Company

Introduction:
A public company is a company that offers its securities to the public, typically through an initial public offering (IPO). The directors of a public company are responsible for managing the affairs of the company. However, there are certain restrictions on the age limit of the directors of a public company.

Age Limit of Directors:
The Companies Act, 2013, does not specify any age limit for the directors of a public company. However, the Securities and Exchange Board of India (SEBI) has prescribed an age limit for the directors of a listed company.

SEBI has mandated that the age limit for independent directors of a listed company should be 70 years. However, if the shareholders of the company pass a special resolution, the age limit can be extended up to 75 years.

SEBI has also mandated that the age limit for executive directors of a listed company should be 65 years. However, if the shareholders of the company pass a special resolution, the age limit can be extended up to 70 years.

Conclusion:
In conclusion, the age limit for directors of a public company varies depending on whether the company is listed or unlisted. In the case of a listed company, SEBI has prescribed an age limit for independent and executive directors. However, the Companies Act, 2013, does not specify any age limit for the directors of a public company.