Question

What is meant by Share qualifications of a director

Answer 1

Answer:

Share qualification

Explanation:

• Qualification shares are the minimum number of shares a person must own, as provided in the articles of the company, in order to qualify to become a director of the company.
• Qualification shares must be acquired by a director within 2 months of his appointment
• Company articles provide that every director should have a certain number of shares. Such shares are known as qualification shares. The director must receive, within two months of being appointed, the required number

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