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Sudhakar G   04 June 2021

Small shareholders director S.151

person who have been appointed as Resident director ,women director and as Small Share holder director at a time. If she completes her tenure as SSD u/s 151, whether she can continue as NED-resident director/women director ?


Learning

 5 Replies

Dr J C Vashista (Advocate)     05 June 2021

Re-draft facts vis-a-vis your query which are vague, confusing and incomplete.

It will be better to consult a local prudent lawyer for appreciation of facts/ documents and professional advise/ necessary proceeding

 

Sankaranarayanan (Advocate)     05 June 2021

Vague query    state the facts . 

Sudhakar G   05 June 2021

Mrs.Ankitha has been designated as Women Director & Resident Director in the ABC ltd listed company.Further she has been elected as Small Shareholders Director u/s 151 assuming she fulfills s.149(6) criteria for independence.

After completion of her tenure u/s 151 as SSD Whether she can continue as women director in the same company?

G.L.N. Prasad (Retired employee.)     05 June 2021

File RTI Application to Central Public Information Officer, Registrar of companies online with Rs.10/- as RTI fee and seek information as follows.  You can modify the query for more clarity.   It takes just Rs.10/- to get authentic clarification from ROC.

1.Please  provide me a certified copy of the order/notification/circular regulation that the eligibility condition of reappointing of same as women director after her  tenure as Small Shareholder Director u/s of 151

T. Kalaiselvan, Advocate (Advocate)     06 June 2021

 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.

Tenure of such director shall not exceed 3 consecutive years ;and

On the expiry of the tenure, such director shall not be eligible for re-appointment.

As per section 162 a separate resolution at  general meeting has to be passed  for appointment for every director. 


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