04 December 2014
One of the requirement of being appointed as a dirctor is the minimum qualification shares.
Incase a person has applied for the qualification shares but shares are not allotted, in that case whether just due to reciept of share application money, ca he be treated as director and other formalities being complied.
Secondly can he allowed to sign the financials of the company in the above senario as one of the director??
CAclubindia
