Prescribed number of directors can be specified under the prescribing provision, altering references to statutory numerical thresholds. Amendment modifies two subsections to expand references to the statutory numerical threshold so they include 'such other number as may be prescribed under the prescribing provision', allowing a delegated prescription to determine an alternative count for governance-related requirements.
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Provisions expressly mentioned in the judgment/order text.
Prescribed number of directors can be specified under the prescribing provision, altering references to statutory numerical thresholds.
Amendment modifies two subsections to expand references to the statutory numerical threshold so they include "such other number as may be prescribed under the prescribing provision", allowing a delegated prescription to determine an alternative count for governance-related requirements.
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