128. Amendment of section 252.- In section 252 of the principal Act, in sub-section (1), the following shall be inserted, namely:— 'Provided that a public company having,- (a) a paid-up capital of five crore rupees or more; (b) one thousand or more small shareholders, may have a director elected by such small shareholders in the manner as may be prescribed. Explanation .-For the purposes of this sub-section "small shareholders" means a shareholder holding shares of nominal value of twenty thousand rupees or less in a public company to which this section applies.'. | 