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Wealth_Tax_Act

Section / Rule Number Content


149 Company to have Board of Directors
150 Manner of Selection of Independent Directors and Maintenance of Databank of Independent Directors
151 Appointment of Director Elected by Small Shareholders
152 Appointment of Directors
153 Application for Allotment of Director Identification Number
154 Allotment of Director Identification Number
155 Prohibition to Obtain More than One Director Identification Number
156 Director to Intimate Director Identification Number
157 Company to Inform Director Identification Number to Registrar
158 Obligation to Indicate Director Identification Number
159 Penalty for Default of Certain Provisions
160 Right of Persons Other than Retiring Directors to Stand for Directorship
161 Appointment of Additional Director, Alternate Director and Nominee Director
162 Appointment of Directors to be Voted Individually
163 Option to Adopt Principle of Proportional Representation for Appointment of Directors
164 Disqualifications for Appointment of Director
165 Number of Directorships
166 Duties of Directors
167 Vacation of Office of Director
168 Resignation of Director
169 Removal of Directors
170 Register of Directors and key Managerial Personnel and their Shareholding
171 Members’ Right to Inspect
172 Punishment