Is there any provision such that Alternate Director should be a shareholder?
Anjaly.P.A ( Article( CA Final)) (221 Points)
15 July 2011Is there any provision such that Alternate Director should be a shareholder?
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 15 July 2011
No dear. There is no such provision. Section 313 deals with Alternate Directors.
rachit jain
(chartered accountant )
(635 Points)
Replied 15 July 2011
there is no such provision in company act. however if AOA of company required an alternate director to hold qualification share then he has to hold those shares.
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