Appointment of directors by single transferrable vote or by a system of cumulative voting as per the...........

Companies Act-Phase (I & II) Directors - powers and appointment

Appointment of directors by single transferrable vote or by a system of cumulative voting as per the provision in AOA of the company is known as:

Nominee Director appointed by third parties

Directors appointed by BODs.

Directors appointed by shareholders in AGM

Directors appointed by Proportional representation

None of the Above

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Explanation:

Section 163 of the Companies Act says that the articles of a company shall provide for the appointment of not less than two- thirds of the total number of directors in a company according to the principle of proportional representation, whether by single transferable vote or through the system of cumulative voting or otherwise. Such appointments shall be made once in every three years, and the casual vacancies of the directors may be filled as contained in sub section (4) of section 161 of the Companies Act, 2013.