law: Companies Act, 2013 
  151.
  
    Appointment
  
  of director elected by small shareholders.
  A
  
  listed company may have one director elected by such small shareholders in such
  
  manner and with such terms and conditions as may be prescribed.
  Explanation .—For the purposes of
  
  this section “small shareholders” means a shareholder holding shares of nominal
  
  value of not more than twenty thousand rupees or such other sum as may be
  
  prescribed.