law: Companies Act, 2013 
  160.
  
    Right
  
  of persons other than retiring directors to stand for directorship. 
  1.      A person who is not a
  
  retiring director in terms of section 152 shall, subject to the provisions of
  
  this Act, be eligible for appointment to the office of a director at any
  
  general meeting, if he, or some member intending to propose him as a director,
  
  has, not less than fourteen days before the meeting, left at the registered
  
  office of the company, a notice in writing under his hand signifying his
  
  candidature as a director or, as the case may be, the intention of such member
  
  to propose him as a candidate for that office, along with the deposit of one
  
  lakh rupees or such higher amount as may be prescribed which shall be refunded
  
  to such person or, as the case may be, to the member, if the person proposed
  
  gets elected as a director or gets more than twenty-five per cent. of total
  
  valid votes cast either on show of hands or on poll on such resolution.
  2.      The company shall
  
  inform its members of the candidature of a person for the office of director
  
  under sub-section (1 ) in such manner as may be prescribed.