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??
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??
18 June 2012
Section 270 applies only if Articles specify to hold qualification shares.
Accordingly, no need to hold qualification shares by the directors.
Accordingly, no need to hold qualification shares by the directors.
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2012
Really thanx
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