‘Small shareholder’ means a shareholder holding shares of nominal value of not more than twenty thousand rupees or such other sum as may be prescribed. According to section 151 of the Act every listed company may have:

The correct answer is: A. one director elected by such small shareholders

Section 151 of the Companies Act, 2013 states that every listed company shall have at least one director elected by such small shareholders. This means that small shareholders, who are defined as shareholders holding shares of nominal value of not more than twenty thousand rupees or such other sum as may be prescribed, have the right to elect one director to the board of directors of the company.

Option B is incorrect because it states that two directors are elected by small shareholders. However, the Act only requires one director to be elected by small shareholders.

Option C is incorrect because it states that one director is nominated by the board of directors. The Act does not allow the board of directors to nominate a director to represent small shareholders.

Option D is incorrect because it states that no such directors are required. The Act clearly states that every listed company must have at least one director elected by small shareholders.