Chapter XI · Sections 149 to 172
Appointment and Qualifications of Directors
Chapter 11 of 13
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- 149. Company to have Board of Directors
- 150. Manner of selection of independent directors and maintenance of data bank of independent
- 151. Appointment of director elected by small shareholders
- 152. Appointment of directors
- 153. Application for allotment of Director Identification Number
- 154. Allotment of Director Identification Number
- 155. Prohibition to obtain more than one Director Identification Number
- 156. Director to intimate Director Identification Number
- 157. Company to inform Director Identification Number to Registrar
- 158. Obligation to indicate Director Identification Number
- 159. Penalty for default of certain provisions
- 160. Right of persons other than retiring directors to stand for directorship
- 161. Appointment of additional director, alternate director and nominee director
- 162. Appointment of directors to be voted individually
- 163. Option to adopt principle of proportional representation for appointment of directors
- 164. Disqualifications for appointment of director
- 165. Number of directorships
- 166. Duties of directors
- 167. Vacation of office of director
- 168. Resignation of director
- 169. Removal of directors
- 170. Register of directors and key managerial personnel and their shareholding
- 171. Members’ right to inspect
- 172. Penalty