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Shares holding

This query is : Resolved 
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(Querist)
04 October 2011 In case of private co’s or public co’s (whether listed or not) does their BOD are required to hold any shares or director without any shareholding is allowed?
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vignesh

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vignesh (Expert)
04 October 2011 Dear Dhaval Parikh,

If the AoA of the Company (Public or Private) has mentioned any minimum qualification shares, then the directors should possess the minimum requirement according to the AoA. If there is nothing mentioned then there is no need to hold the shares of the company for the director.
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