Question

A director should obtain his qualification shares within ___________________.

• A. One month of his appointment
• B. Two months of his appointment
• C. Three months of his appointment
• D. Six months of his appointment

Answer 1

The correct option is B Two months of his appointment

A director should obtain his qualification shares within two months of his appointment. When a new director is appointed in a company, he/she should be given his qualification shares within two months o his appointment in the company. Certain shares of the company is alloted to the director when he/she holds the office.