qualification shares

I want to about Re-appointment of Directors by Rotation system. Is there is any time frame for the re-appointment.

SECTION-270 (Q.S.)

Section-270 of Companies Act, 1956 talks about Qualification Shares. As per Section-270 every director is required to obtain qualification shares if Articles required him to take such shares.

In other words if Articles are silent about Q.S. then no requirement for a director to take Q.S.

Provisions relating to Qualification shares are not applicable to a Private Company as per section-273.

If a director fail to obtain Q.S. then it is a ground of vacation of office as per sectio-283(1)(a).

Regards