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    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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