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Small Shareholder Director

09 March 2020

If a listed company is already having a Small Shareholder Director (SSD) then can such SSD be considered for a count of number of independent directors in such listed company?

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2 Replies

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 09 March 2020

SSD need not be independent director..

SSD must full fill certain criteria to become independent director.If SSD is an independent director then can be counted ..

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Naveed Munir (19 Points)
Replied 20 December 2022

A small shareholder is a person who is holding shares of nominal value amounting to a maximum of Rs 20,000 in a public company. Small shareholders are entitled to elect a director in a listed company. The directors elected by these shareholders inflatable boat in Dubai will be known as a 'Small Shareholders Director'.