The Companies Act

Company to have Board of Director

Manner of selection of independent directors and maintenance of data bank of independent directors

Appointment of director elected by small shareholders

Appointment of director

Application for allotment of Director Identification Number

Allotment of Director Identification Number

Prohibition to obtain more than one Director Identification Number

Director to intimate Director Identification Numbe

Company to inform Director Identification Number to Registrar

Obligation to indicate Director Identification Number

Penalty for default of certain provision

Right of persons other than retiring directors to stand for directorship

Appointment of additional director, alternate director and nominee director

Appointment of directors to be voted individually

Option to adopt principle of proportional representation for appointment of directors

Disqualifications for appointment of director

Number of directorships

Duties of directors

Vacation of office of director

Resignation of director

Removal of director

Register of directors and key managerial personnel and their shareholding

Members‘ right to inspect

Punishment


APPOINTMENT AND QUALIFICATIONS OF DIRECTORS


A listed company may have one
director elected by such small shareholders in such manner and with such terms and conditions as may be
prescribed.

Explanation.-- For the purposes of this section "small shareholders" means a shareholder holding
shares of nominal value of not more than twenty thousand rupees or such other sum as may be prescribed.


LAWGIST

# 151 Appointment of director elected by small shareholders