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<h1>Candidature deposit requirement: notice and refundable deposit govern eligibility to stand for directorship under corporate law.</h1> A non-retiring person may be appointed director only if a written candidature notice is left at the registered office not less than fourteen days before the meeting and a prescribed refundable deposit is made; the deposit is refundable if the person is elected or secures the required minimum share of valid votes. The deposit obligation is waived for independent directors and for candidates recommended by the Nomination and Remuneration Committee or by the Board where such committee is not required; the company must inform members of the candidature as prescribed.
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