Question

Shareholder director means a director who represents the interest of shareholders, and elected or nominated by such shareholders_________________ as per the Securities and Exchange Board of India (Depositories and Participants) Regulations

A Who are depository participants Correct Answer Incorrect Answer
B Who are not depository participants, or their associates Correct Answer Incorrect Answer
C Who are not depository participants, and their associates and agents Correct Answer Incorrect Answer
D Who are not depository participants, or their associates and agents Correct Answer Incorrect Answer
E Who are depository participants, or their associates and agents Correct Answer Incorrect Answer

Solution

Reg. 12 (p)"shareholder  director"  means  a  director  who  represents  the  interest  of  shareholders,  and elected  or  nominated  by  such  shareholders who  are  not  depository  participants, or  their associates and agents.

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