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of <h1>Companies Bill, 2011: Clause 163 permits proportional representation for appointing two-thirds of directors every three years.</h1> The Companies Bill, 2011, under Clause 163, allows a company to appoint at least two-thirds of its directors based on proportional representation. This can be executed through methods like the single transferable vote or cumulative voting. Such appointments occur every three years, and any casual vacancies are addressed as specified in sub-section (4) of section 161. This provision overrides other stipulations in the Act, giving companies the flexibility to incorporate proportional representation in their articles for director appointments.
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