The provision regarding qualification shares of a director is contained in the _____________.
Prospectus
All of above
Articles of Association
Memorandum of Association
A
Articles of Association
B
Memorandum of Association
C
All of above
D
Prospectus
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Solution
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The Articles of Association may require the Directors of the company to hold some minimum shares at the time of his appointment within such a limit as prescribed under the Companies Act this holding of minimum share is known as qualification shares.
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Q1
Select the correct option give below:
The provision regarding qualification shares of a director is contained in the _____________.
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Q2
State the following statement is True or False:
The share qualification of the directors of a joint stock company is prescribed in Articles of Association.
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Q3
Select the correct option give below:
Shares to be purchased by the directors to acquire qualification for directorship ____________ shares.
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Q4
A director should obtain his qualification shares within ___________________.
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Q5
State the following statement is True of False:
The directors of a public company must purchase qualification shares.