Notwithstanding anything contained in this Act, the articles of a company may provide for the appointment of not less than two-thirds of the total number of the directors of a company in accordance with the principle of proportional representation, whether by the single transferable vote or by a system of cumulative voting or otherwise and such appointments may be made once in every three years and casual vacancies of such directors shall be filled as provided in sub-section (4) of section 161.
Section 163: Option to adopt principle of proportional representation for appointment of directors.
The Companies Act, 2013Central Act · Act 18 of 2013
Where this provision sits
| Act | The Companies Act, 2013 |
|---|---|
| Section | 163 |
| Marginal note | Option to adopt principle of proportional representation for appointment of directors. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 2 |
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