CHAPTER XI

APPOINTMENT AND QUALIFICATIONS OF DIRECTORS

- Company to have Board of Directors.

- Manner of selection of independent directors and maintenance of data bank of independent directors.

- Appointment of director elected by small shareholders.

- Appointment of directors.

- Application for allotment of Director Identification Number.

- Allotment of Director Identification Number.

- Prohibition to obtain more than one Director Identification Number.

- Director to intimate Director Identification Number.

- Company to inform Director Identification Number to Registrar.

- Obligation to indicate Director Identification Number.

- Punishment for contravention.