Manner of election of small shareholders' director
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....t small shareholders or upon the notice of small shareholders, who are not less than 1/10th of total small shareholders and have proposed name of a person who shall also be a small shareholder of the company. (2) Small shareholders intending to propose a person shall leave a notice of their intention with the company at least 14 days before the meeting under the signatu....
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....small shareholders' nominee subject to above conditions if majority of small shareholders recommend his candidature for the post of director in their meeting. (6) Tenure of such small shareholders' director shall be for a maximum period of 3 years subject to meeting the requirement of provisions of Companies Act except that he need not have to retire by rotation. &nb....
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