qualification shares

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What is qualification shares u/s 270 to 273 of companies act 1956

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Its held by the director for acting as a director.

Please see this attachment. this is ankur sir's note which i downloaded from CCI. bt right now i cannot spot this link. so am uploading again k??

CA Final book of munish bhandari contains the penalty of Rs. 5000 per day but as per this file the penalty is Rs. 50000. which is correct one.?

 

and also in that book 2 penalties were mentioned..

S... Penalty of Rs.5000 is correct, Rs.50000 is incorrect


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