# 163 Option to adopt principle of proportional representation for appointment of directors

Notwithstanding anything contained in this Act, the articles of a company may provide for the appointment of not less than two-thirds of the total number of the directors of a company in accordance with the principle of proportional representation, whether by the single transferable vote or by a system of cumulative voting or otherwise and such appointments may be made once in every three years and casual vacancies of such directors shall be filled as provided in sub-section (4) of section 161.

Download our fully-offline, High speed android app.- Click here

APPOINTMENT AND QUALIFICATIONS OF DIRECTORS

159

Penalty for default of certain provision

160

Right of persons other than retiring directors to stand for directorship

161

Appointment of additional director, alternate director and nominee director

162

Appointment of directors to be voted individually

164

Disqualifications for appointment of director