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Bare acts > Companies (Amendment) Act, 2000 > Section 128
 
  


 

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.'.

 

 

 

 

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