Small Shareholders' Director election enables limited shareholder representation on boards through prescribed nomination, consent and vacancy rules. These rules prescribe the mechanism for election and tenure of a small shareholders' director in qualifying public companies, defining eligible companies and small shareholders, specifying nomination and consent procedures, requiring postal ballot for listed companies and majority recommendation for unlisted companies, fixing a limited non rotational term with possible re election, enumerating statutory disqualifications and vacation events, and limiting concurrent service to two companies.
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.
Small Shareholders' Director election enables limited shareholder representation on boards through prescribed nomination, consent and vacancy rules.
These rules prescribe the mechanism for election and tenure of a small shareholders' director in qualifying public companies, defining eligible companies and small shareholders, specifying nomination and consent procedures, requiring postal ballot for listed companies and majority recommendation for unlisted companies, fixing a limited non rotational term with possible re election, enumerating statutory disqualifications and vacation events, and limiting concurrent service to two companies.
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