Hi friends
Under section 307 of Companies Act 1956, is it mandatory to enter name and nil holdings of nominee director if there is no shareholding on his part?
thanks in advance
Kavitha
Mohammed
(CS, Mcom, LLB)
(857 Points)
Replied 30 June 2011
I guess its not required if the director is not holding any shares... Experts view are solicited...
Nidhi Jain
(CS )
(987 Points)
Replied 02 July 2011
Yes, it is required to be enter when director is also the shareholder of co and hold share in his own name.
So in ur case need not to be enter