Board of Directors
Director elected by Small Shareholders
A listed company may have one director
elected by the small shareholders. Small
shareholder means a shareholder holding shares
of nominal value of twenty thousand rupees or
less in a public company
1) Appointment of Directors First Directors
The first directors are usually named in the
Articles. If first directors are not named in the
Articles, the subscribers of the memorandum shall
be deemed to be the directors of the company
until directors are duly elected by the members in
the general meeting.
, 2. Appointment of Directors by the Shareholders
The directors must be appointed by the
shareholders in the general meeting of the
company.
No person shall be appointed as a director unless
has been alloted the Director Identification
Number. It is allotted by the Central Government.
An individual intending to be appointed as
director shall make . application for allotment of
Director Identification Number to the Central
Government. Within one month of application,
the Central Government allots a Director
Identification Number to the applicant. Every
person proposed to be appointed as a director by
the company in general meeting shall furnish his
Director Identification Number and a declaration
Director elected by Small Shareholders
A listed company may have one director
elected by the small shareholders. Small
shareholder means a shareholder holding shares
of nominal value of twenty thousand rupees or
less in a public company
1) Appointment of Directors First Directors
The first directors are usually named in the
Articles. If first directors are not named in the
Articles, the subscribers of the memorandum shall
be deemed to be the directors of the company
until directors are duly elected by the members in
the general meeting.
, 2. Appointment of Directors by the Shareholders
The directors must be appointed by the
shareholders in the general meeting of the
company.
No person shall be appointed as a director unless
has been alloted the Director Identification
Number. It is allotted by the Central Government.
An individual intending to be appointed as
director shall make . application for allotment of
Director Identification Number to the Central
Government. Within one month of application,
the Central Government allots a Director
Identification Number to the applicant. Every
person proposed to be appointed as a director by
the company in general meeting shall furnish his
Director Identification Number and a declaration
