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      Question

      How many directors can be appointed by small

      shareholders in a company?
      B 1 Correct Answer Incorrect Answer
      C 2 Correct Answer Incorrect Answer
      D 3 Correct Answer Incorrect Answer
      E Depends on size of the company Correct Answer Incorrect Answer

      Solution

      Companies Act, 2013 - Section 151 – Appointment of director elected by small shareholders A listed company may have one director elected by such small shareholders in such manner and with such terms and conditions as may be prescribed. Explanation — For the purposes of this section “small shareholders” means a shareholder holding shares of nominal value of not more than twenty thousand rupees or such other sum as may be prescribed.

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