ACS/CA
1668 Points
Posted on 01 October 2014
sec 270 requiers that if the articles of comapny reqyiers the directors to take qualification shares than they need to hold qualification shares within 2 months from the date of appointment of director.
if the director does not hold qualification shares he need to vacate the office after 2 months (sec 283)
there is no other requiernment for director to hold shares.
wait for others to respond.
Regards