https://www.taxtmi.com/acts?id=18428 A listed company may elect or appoint a small shareholders' director on prescribed notice. Nomination requires advance written notice by small shareholders and a nominee statement including Director Identification Number, non-disqualification confirmation, and consent. The nominee is treated as an independent director if eligible under the Act. Appointment follows general director provisions except the small shareholders' director does not retire by rotation, serves a limited consecutive term and is ineligible for immediate re-appointment. The director must meet eligibility rules, vacates on specified disqualifications or loss of independence, is limited in concurrent appointments, and faces a post-tenure association prohibition. en-us Tue, 01 Apr 2014 08:51:47 +0530 Thu, 12 Mar 2026 15:11:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18428 A listed company may elect or appoint a small shareholders' director on prescribed notice. Nomination requires advance written notice by small shareholders and a nominee statement including Director Identification Number, non-disqualification confirmation, and consent. The nominee is treated as an independent director if eligible under the Act. Appointment follows general director provisions except the small shareholders' director does not retire by rotation, serves a limited consecutive term and is ineligible for immediate re-appointment. The director must meet eligibility rules, vacates on specified disqualifications or loss of independence, is limited in concurrent appointments, and faces a post-tenure association prohibition. Act-Rules Companies Law Tue, 01 Apr 2014 08:51:47 +0530 https://www.taxtmi.com/acts?id=18428