Section 163 of Companies Act 2013 :-
Option to adopt principle of proportional representation for appointment of directors.
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.
India's Important Case Laws and Landmark Judgments on Companies Act 2013.
Section 163 Companies Act 1956 has been repealed.
Option to adopt principle of proportional representation for appointment of directors.
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.
India's Important Case Laws and Landmark Judgments on Companies Act 2013.
Section 163 Companies Act 1956 has been repealed.
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