1

Amar Textiles Limited, a listed company, engaged in production of furniture & fittings in Pune. company is having 50,000 small shareholders. small shareholders wanted to elect a small shareholders directors amongst themselves so that their issues are resolved during Board meetings at earliest. 500 small shareholders served a notice for appointment of a small shareholder in Board. Decide validity of notice by small shareholders: –

  • A

    Notice by 500 small shareholders is valid & company may appoint a small shareholder director.

  • B

    Notice by 500 small shareholders is not valid & company may appoint a small shareholder ‘director on requisition of 1000 small shareholders.

  • C

    Notice by 500 small shareholders is not valid & company may appoint a small shareholder director on requisition of 5000 small shareholders.

  • D

    Small Shareholders director cannot be appointed in company as company doesnt fulfil condition for appointment of small shareholders director.