Qualification of shares

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2012 If AOA of the unlisted public company does not specify the requirement to hold any shares of the company as Qualification of shares than also Section 270 applies???
Means then also Directors are required to hold minimum n.o of shares as qualification of shares??
If yes, then specify the minimum n.o. of shares to be hold for qualification??

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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18 June 2012 Section 270 applies only if Articles specify to hold qualification shares.
Accordingly, no need to hold qualification shares by the directors.

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2012 Really thanx

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