Qualification Shares
This query is : Resolved
04 March 2011
hello friends,
Can any one tell me what will happen if a director has applied for qualification shares within stipulated time limit but shares are not alloted to him by co. within that stipulated time limit???????
Can any one tell me what will happen if a director has applied for qualification shares within stipulated time limit but shares are not alloted to him by co. within that stipulated time limit???????
04 March 2011
In my opinion, as per the provisons of section 283 of the Companies Act, 1956, the office of the Director shall become vacant if he fails to obtain the qualification shares within 2 months from the date of appointment.
04 March 2011
Hai udit u are right but here is the default on the part of Co. not Director than sec 283 shall apply or not??????
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Reporting Income under Section 44ADA
- Itr 1 processing
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- TDS ON CASH WITHDRAWALS...
- Eway bill for machinery reparing
- Annual return of gst limit
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
