Section 151Central Act
Section 151: 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 prescribed.
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Sec 150 — Manner of selection of independent directors and maintenance of data bank of independent directors.
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Sec 152 — Appointment of directors
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