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

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..... orships 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 director, the follow .....

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..... uch 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-section (1) shall be excluded for a pe .....

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