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Directors to hold shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 October 2014 Is is compulsory that director of pvt ltd co to hold some shares to become director
or with out shares also any one can become director of pvt ltd co
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
07 October 2014 No.

It is not mandatory that a person need to hold some shares to become a director. Under the companies act 2013, provisions relating to requirement of holding qualification shares is removed.
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Ankur Garg

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Ankur Garg (Expert)
07 October 2014 Agree with the opinion of expert.

A person without share can become director of a company.

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