Section - 265 - Option to company to adopt proportional representation for the appointment of directors
Option to company to adopt proportional representation for the appointment of directors.265. 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 public company or of a private company which is a subsidiary of a public company, according to the principle of proportional representation, whether by the single transferable vote or by a system of cumulative voting or otherwise, the appointments being made once in every three years and interim casual vacancies being filled in accordance with the provisions, mutatis mutandis, of .
Filling of casual vacancies among directors.262. (1) In the case of a public company or a private company which is a subsidiary of a public company, if the office of any director appointed by the company in general meeting is vacated before his term of office will expire in the normal course, the resulting casual vacancy may, in default of and subject to any regulations in the articles of the company, be filled by the Board of directors at a meeting of the Board.(2) Any person so appointed shall hold office only up to the date up to which the director in whose place he is appointed would have held office if it had no .... To read the full section download the app from Google Play store
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