Question

Select the correct option give below:

The provision regarding qualification shares of a director is contained in the _____________.

• A. Articles of Association
• B. Memorandum of Association
• C. Prospectus
• D. All of above

Answer 1

Answer: (A)

Articles of Association

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.