Cos 151 — Appointment of director elected by small shareholders

Companies Act, 2013

Statutory text

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.

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