1. How many shares can a director
hold in a company?Are there any restrictions?
2. Also how many shares can a director hold in a listed company ?
3. If directors are allowed to own major shares for that matter in listed company? Wouldnt it amount to Insider Trading?
Menu
Shares held by directors
Replies (1)
Ans to question no. 1)
There is no restrictions to hold minimum /maximum no. of shares to become ineligible/ eligible for directorship.
Answer to question no.2)
Abovementioned answer is applicable in listed companies also.
Answer to question no.3)
SEBI (Insider trading) regulation ,2015 does not prohibit to hold major shareholding, but it prohibits to disclose unpublished price sensitive information at public domain
There is no restrictions to hold minimum /maximum no. of shares to become ineligible/ eligible for directorship.
Answer to question no.2)
Abovementioned answer is applicable in listed companies also.
Answer to question no.3)
SEBI (Insider trading) regulation ,2015 does not prohibit to hold major shareholding, but it prohibits to disclose unpublished price sensitive information at public domain
Recent Threads
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
- 1% TDS Deduction on Property purchase through inst
- Tax on leave encashment on retirement
- Guidance Required on Notices Under Section 234B Af
- Rcm invoices and normal invoice
- Regarding STCG on Equity
- GSTR 9 details with same PAN & different Turno
- Hotel ITC
- ITR for Trust- 12A
Related Threads
CAclubindia
