MODULE 2 GGSR

• 174 - Minimum number of directors
• 175 - Only natural persons to be directors
• 176 - First directors and their term
• 177 - Retirement of directors
• 178 - Procedure for election of directors
• 179 - Circumstances in which election of directors may be declared invalid
• 180 - Term of office of directors
• 181 - Removal of director
• 182 - Creditors may nominate directors
• 183 - Certain provisions not to apply to directors representing special interests
• 184 - Consent to act as director to be filed with registrar
• 185 - Validity of acts of directors
• 186 - Penalties
• 187 - Ineligibility of certain persons to become director
• 188 - Vacation of office by the directors
• 189 - Penalty for unqualified person acting as director, etc.
• 190 - Ineligibility of bankruptcy to act as director, etc.
• 191 - Restriction on director's remuneration, etc.
• 192 - Restriction on assignment of office by directors
• 193 - Proceedings of directors
• 194 - Liabilities, etc., of directors and officers
• 195 - Loans to directors, etc.
• 196 - Powers of directors
• 197 - Prohibition regarding making of political contributions
• Section 179 - On the application of members holding not less than 20% of the voting power in the company, made within thirty days of the date of election. 
• Section 180 - The director elected under section 178 shall hold office for a period 3 years unless he earlier resigns, becomes disqualified from being director.
• Section 188 - He absents himself from three consecutive meetings of the directors for continuous period of three months.
• Section 193 - The quorum for a meeting of directors of a listed company shall not be less than 1/3 of their number or four which ever is greater. 
• 198 - Prohibition regarding distribution of gifts
• A method of borrowing and lending