Is small shareholder director required to hold qualification shares (sec.270) ????????
If not which section or rule is applicable ???????
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 30 March 2009
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
gourav
(student)
(113 Points)
Replied 30 March 2009
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........
CAclubindia
