20.
| (1) A shareholder shall not propose for election as director any person other than-
| | (a) a retiring director; or | | |
| | (b) a qualified shareholder whose name has been duly notified in writing to the Secretary of the board. | | |
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| (2) The name of a shareholder shall not be deemed to have been duly notified for the purpose of paragraph (b) of subsection (1) unless a written instrument setting out the name of the shareholder who is to be proposed for election, signed by the shareholder giving the notice, together with the written consent of the shareholder whose name is set out in such instrument is delivered to the Secretary of the board not less than four nor more than twenty-eight clear days before the date of the meeting at which the election is to take place. |
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| (3) A shareholder shall not be qualified to give any notice under this section nor propose any person for election as director at any meeting unless he is entitled to be present and to vote at the meeting at which the election takes place. |
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Sri Lanka Consolidated Acts