Qualification shares of directors
This query is : Resolved
03 March 2012
Dear All,
If nothing is mentioned in the articles,then will an additional director or a director appointed to fill in a casual vaccancy has to subscribe to the qualifying shares of that of any other director.
Thanks & Regards,
SK De
If nothing is mentioned in the articles,then will an additional director or a director appointed to fill in a casual vaccancy has to subscribe to the qualifying shares of that of any other director.
Thanks & Regards,
SK De
03 March 2012
As per section 270 of companies act, if AOA authorise to take Qualification Shares then only Director is required to take Qualification Shares!!!!!
Apart from this AOA of public company can not provide for qualification shares of value of more than Rs. 5000 and where value of one share exceeds Rs. 5000 than only one Shares!!!!
NOTE: Section 270 is not applicable to Pvt Ltd company which is not subsiadiary of public company!!@!!
Apart from this AOA of public company can not provide for qualification shares of value of more than Rs. 5000 and where value of one share exceeds Rs. 5000 than only one Shares!!!!
NOTE: Section 270 is not applicable to Pvt Ltd company which is not subsiadiary of public company!!@!!
03 March 2012
Agree with the expert...
03 March 2012
Agree...
If AOA is silent, there is no need for director to take QS.
Thanks
If AOA is silent, there is no need for director to take QS.
Thanks
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Regarding TDS Applicability For Director Remuneration
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
