Section 270 of the companies act
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2013
sir,
can private companies set time limit below 2months in their article to take qualification shares by the directors?
provision of sec270 not applicable to private companies whether its true
can private companies set time limit below 2months in their article to take qualification shares by the directors?
provision of sec270 not applicable to private companies whether its true
09 August 2013
Yes less than 2 months can be fixed in AOA of a private company.
Section 270 doesn't apply to a private company unless it is a subsidiary of a public company.
Section 270 doesn't apply to a private company unless it is a subsidiary of a public company.
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