Exclusion of certain directorships for the purposes of sections 275, 276 and 277.

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..... ain directorships for the purposes of sections 275, 276 and 277. 278. (1) In calculating, for the purposes of sections 275, 276 and 277, the number of companies of which a person may be a direct .....

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..... ctor who is only qualified to act as such during the absence or incapacity of some other director. (2) In making the calculation aforesaid, any company referred to in clauses (a), (b) and (c) of sub .....

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