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?
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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SEBI (Insider trading) regulation ,2015 does not prohibit to hold major shareholding, but it prohibits to disclose unpublished price sensitive information at public domain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SEBI (Insider trading) regulation ,2015 does not prohibit to hold major shareholding, but it prohibits to disclose unpublished price sensitive information at public domain
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