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of <h1>Small shareholders can elect a director under Section 149; limits on reappointment and dual roles apply.</h1> A listed company can elect a small shareholders' director upon notice from either 1,000 small shareholders or one-tenth of total small shareholders. The nominee must provide a notice with specific details and a statement of qualifications. The director is considered independent if eligible under section 149, but cannot be reappointed after a three-year term. The director must vacate the office if disqualified under sections 164 or 167, or if independence criteria are not met. A person cannot hold this position in more than two companies simultaneously, and cannot join the company in another role for three years after the term ends.
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