Procedure for Appointment of Small Shareholders’ Director
A listed company may appoint a small shareholders’ director suo moto or upon receiving notice from either one thousand small shareholders or one-tenth of the total number of small shareholders, whichever is lower.
Appointment of Directors
As per Section 2(34) of Companies Act,2013 – “Director means a director appointed to the Board of a company.”
In common words, a director is an individual appointed to oversee and manage the overall operations, governance, and strategic direction of a company. They hold a position of trust and authority, making key decisions that shape the company’s policies, financial health, and long-term goals. Directors are legally responsible for ensuring that the company operates in compliance with all applicable laws and regulations, safeguards the interests of its shareholders and stakeholders, and upholds ethical business practices.