https://www.taxtmi.com/acts?id=12606 Directors required by the articles to hold specified qualification shares must obtain that qualification within the statutory post-appointment period; any article provision requiring qualification before appointment or within a shorter period is void. The nominal value of qualification shares is capped, and if one share's nominal value exceeds that cap the qualification may be satisfied by that single share. A bearer of a share warrant is not deemed the holder of the warranted shares for qualification purposes. en-us Thu, 12 May 2011 18:08:47 +0530 Thu, 12 May 2011 18:08:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12606 Directors required by the articles to hold specified qualification shares must obtain that qualification within the statutory post-appointment period; any article provision requiring qualification before appointment or within a shorter period is void. The nominal value of qualification shares is capped, and if one share's nominal value exceeds that cap the qualification may be satisfied by that single share. A bearer of a share warrant is not deemed the holder of the warranted shares for qualification purposes. Act-Rules Companies Law Thu, 12 May 2011 18:08:47 +0530 https://www.taxtmi.com/acts?id=12606