Laws-6501

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