Is small shareholder director required to hold qualification shares (sec.270) ????????
If not which section or rule is applicable ???????
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Qualification shares
Replies (3)
Yes, Gourav A small shareholders reqd to hold Q.S. if and only if Articles of the company provides as clearly mentioned in sec 270.
If Articles are silent then the requirement of Q.S. not apply for small shareholders. Regards Ankur
Sir I read in many reputed books(like munish bhandari) that a small shareholder director need not to hold qualification shares but they didn't maintioned any provision regarding same.
Please clearify........
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