'We also need to restrict number of directors. We do not have super humans who can attend 20 to 25 companies, read everything and be responsible. However, there may be special cases and special situations.'

Khursheed also called for consensus between his ministry and the corporate sector on the number of companies that is humanly possible for a person to be director of.

The minister said the new Companies Bill was prepared by people who had worked in the light of experiences of last six months.

'The essence of what we want to do is there in the draft. There will be deliberations by the standing committee. People like you can give evidence and your suggestions will be incorporated,' he said.