Companies Act, 2017

PART-VII

APPOINTMENT AND REMOVAL OF DIRECTORS

Companies Act, 2017 PART-VII APPOINTMENT AND REMOVAL OF DIRECTORS From: 2023-11-01 - To: 0000-00-00 159. Procedure for election of directors.- (1) Subject to the provision of section 154, the existing directors of a company shall fix the number of directors to be elected in the general meeting, not later than thirty-five days before convening of such meeting and the number of directors so fixed shall not be changed except with the prior approval of the general meeting in which election is to be held. (2) The notice of the meeting at which directors are proposed to be elected shall among other matters, expressly state- (a) the number of directors fixed under sub-section (1); and (b) the names of the retiring directors. (3) Any member who seeks to contest an election to the office of director shall, whether he is a retiring director or otherwise, file with the company, not later than fourteen days before the date of the meeting at which elections are to be held, a notice of his intention to offer himself for election as a director: Provided that any such person may, at any time before the holding of election, withdraw such notice. (4) All notices received by the company in pursuance of sub-section (3) shall be transmitted to the members not later than seven days before the date of the meeting, in the same manner as provided under this Act for sending of a notice of general meeting. In the case of a listed company such notice shall be published in…