Page 51
OPTION TO ADOPT PRINCIPLE OF PROPORTIONATE REPRESENTATION [SECTION 163]
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.
Please continue to next page of this post.
AishMGhrana 