# The Companies Act, 2013, Section 151: Appointment of director elected by small shareholders

- Act: The Companies Act, 2013 (Act 18 of 2013)
- In force from: 2014-04-01
- Ministry: Ministry of Corporate Affairs
- Source URL: https://indiacode.ecourtsindia.com/companies-act/section/151/

## Text

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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