Companies Act,2013

Section 151 of Companies Act,2013 – Appointment of director elected by small shareholders.

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 …

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Section 150 of Companies Act,2013 – Manner of selection of independent Directors and maintenance of databank of independent directors

(1) Subject to the provisions contained in sub-section (5) of section 149, an independent director may be selected from a data bank containing names, addresses and qualifications of persons who are eligible and willing to act as independent Directors, maintained by any body, institute or association, as may by notified by the Central Government, having …

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