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