Right of persons other than retiring directors to stand for directorship.

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....s other than retiring directors to stand for directorship. 160. (1) A person who is not a retiring director shall, subject to the provisions of this Act, be eligible for appointment to the office o....

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....one lakh rupees or such higher amount as may be prescribed which shall be refunded to such person or, as the case may be, to the member, if the person proposed gets elected as a director or gets more ....