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        Companies Law

        Appointment of person other than retiring director

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        Nomination deposit requirement for director candidacy: refundable upon election, forfeited if the nomination is unsuccessful. A nomination deposit is required from any person other than a retiring director proposing himself, or any member proposing such person; the deposit is refundable only if the person is elected as director and is forfeited to the company if the person is not elected.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Nomination deposit requirement for director candidacy: refundable upon election, forfeited if the nomination is unsuccessful.

                                A nomination deposit is required from any person other than a retiring director proposing himself, or any member proposing such person; the deposit is refundable only if the person is elected as director and is forfeited to the company if the person is not elected.


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