Qualification shares?

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Anand Srinivasan

Anand Srinivasan (Querist)

24 October 2011 Hello friends I need your help! can someone tell me what is the meaning of Qualification shares?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

24 October 2011 Qualifications shares are that number of shares which directors of the company must hold (if the articles of the company so provide) to become the directors of the said company.

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CA RICHA BADALIA

CA RICHA BADALIA (Expert)

24 October 2011 There is no statutory requirement that a director must hold qualification shares,if there is no specification in Articles.Every director must obtain qualification share within 2 months of APPOINTMENT and its nominal value shall not exceed Rs.5000.Provisions of this section are not applicable to private limited company

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Anand Srinivasan

Anand Srinivasan (Querist)

24 October 2011 thank you very much sir

Anand Srinivasan

Anand Srinivasan (Querist)

24 October 2011 thank you very much madam

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