Right of persons other than retiring directors to stand for directorship.

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..... tor at any general meeting, if he or some member intending to propose him has, not less than fourteen days before the meeting, left at the office of the company a notice in writing under his hand signifying his candidature for the office of director or the intention of such member to propose him as a candidate for that office, as the case may be, [1] [along with a deposit of five hundred rupees .....

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..... the other in the regional language of that place.] (2) Sub-section (1) shall not apply to a private company, unless it is a subsidiary of a public company. ------------------------------ Notes:- [1] Inserted by the Companies (Amendment) Act, 1988, section 45, w.e.f. 15-6-1988. [2] Inserted by the Companies (Amendment) Act, 1960, Act 65 of 1960, section 85. - - statute, .....

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