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Chapter 11
Appointment and Qualifications of Directors
24 sections (149–172)
- 149Company to have Board of Directors
- 150Manner of selection of independent directors and maintenance of databank of independent directors
- 151Appointment of director elected by small shareholders
- 152Appointment of directors
- 153Application for allotment of Director Identification Number
- 154Allotment of Director Identification Number
- 155Prohibition to obtain more than one Director Identification Number
- 156Director to intimate Director Identification Number
- 157Company to inform Director Identification Number to Registrar
- 158Obligation to indicate Director Identification Number
- 159Punishment for contravention
- 160Right of persons other than retiring directors to stand for directorship
- 161Appointment of additional director, alternate director and nominee director
- 162Appointment of directors to be voted individually
- 163Option to adopt principle of proportional representation for appointment of directors
- 164Disqualifications for appointment of director
- 165Number of directorships
- 166Duties of directors
- 167Vacation of office of director
- 168Resignation of director
- 169Removal of directors
- 170Register of directors and key managerial personnel and their shareholding
- 171Members’ right to inspect
- 172Punishment