Sona is a director elected by small shareholders of Rupa Ltd. In this matter, with reference to the provisions of Companies Act, 2013: (iii) What is the minimum number of equity shares to be held by Sona ?

There is no provision in the Companies Act, 2013 which prescribes the minimum number equity shares to be held by the director elected by the small shareholders. Hence, Ms. Sona, need not hold any number of equity shares for being elected as director by the small shareholders. However, she should not hold the shares of nominal value of more than twenty thousand rupees or such other sum as may be prescribed. (Section 151 of the Companies Act, 2013)