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Director without share holding
is it possible to be a director of company without share holding
Replies (5)
Check the Articles of Association of Company.If it says that director will have to hold Qualification share then they have to no doubt hold shares .Otherwise there is no compulsion to have a shareholding.
if article provide then its copulsion
Agree with above reply. If article provides for the same, otherwise no compulsion.
And even in case of shareholding condition , qualification shares value should not be more than 5000 or 1 nominal value of shares (whichever is lower)
Agree with all above replies.
| Originally posted by : *RENU SINGH * | ||
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Thanks -Renu |
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